The egalitarian principle of income refers to
A) each person being paid differently.
B) each person receiving the same income.
C) each person receiving tax breaks.
D) each person working the same number of hours.
B
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Soo Jin shares a one-bedroom apartment with her classmate. Her share of the rent is $700 per month. She is considering moving to a studio apartment which she will not have to share with anyone. The studio apartment rents for $950 per month
Recently, you ran into Soo Jin on campus and she tells you that she has moved into the studio apartment. Soo Jin is as rational as any other person. As an economics student, you rightly conclude that A) Soo Jin figures that the additional benefit of having her own place (as opposed to sharing) is at least $250. B) Soo Jin did not have a choice; her roommate was a slob. C) Soo Jin figures that the additional benefit of having her own place (as opposed to sharing) is at least $950. D) the cost of having one's own space outweighs the benefits.
Countries that experience very high rates of inflation may also have
A) balanced budgets. B) rapidly growing money supplies. C) falling money supplies. D) constant money supplies.
The real return on bonds is
A) 0. B) r. C) R. D) i.
The way in which most persons pay their personal income tax is in the form of
a. quarterly payments throughout the year. b. annual payment by April 15. c. monthly payments as part of mortgage payments. d. payroll withholding during the year.