If a single person has a standard deduction of $6,300, itemized deductions of $6,650, and a personal exemption of $4,000, then the first ________ of income is federal income tax free.
A. $10,300
B. $10,650
C. $16,950
D. $12,950
Answer: B
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In practice, the hedonic price method
a. is easy to use because attribute data are always readily available b. estimates the prices of the product’s characteristics c. can be implemented with a simple empirical model d. has never been used by empirical economists
Use the following graph to answer the next question.
The size of the multiplier associated with changes in government spending in this economy is
A. 3.50. B. 5.00. C. 6.67. D. 2.00.
What is the loanable funds market? What happens if the real interest rate in the market is held above the equilibrium interest rate?
What will be an ideal response?
In a long-run equilibrium in a perfectly competitive market, the average firm earns positive economic profits.
Answer the following statement true (T) or false (F)