The top 1% of income earners in the U.S. (those with the highest taxable incomes) pay
A) about the same percentage of their incomes in taxes as the average U.S. taxpayer.
B) a much lower percentage of their incomes in taxes than the average U.S. taxpayer.
C) a much higher percentage of their incomes in taxes than the average U.S. taxpayer.
D) about 15 percent of their incomes in income taxes
E) a and d
C
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If a firm has increasing returns to scale at all levels of output, then the
A. marginal cost for the firm declines over the entire range of output. B. average cost for the firm declines over the entire range of output. C. fixed costs of operation diminish to zero. D. production technology is optimized.
Which of the following is an example of a bilateral aid?
a. A U.S. commercial bank loan to a Mexican investor b. The establishment of a Brazilian subsidiary by a German firm c. U.S. humanitarian aid to Somalia d. A trade credit extended to Morocco for the purchase of Iranian oil e. A World Bank loan to Kenya
When earnings differentials are adjusted for such factors as age, education, and marital status, the
a. differential between the earnings of white males and those of minority males increases. b. differential between the earnings of white males and those of minority males decreases. c. corrected earnings of minority males are equal to those of similar white men. d. corrected earnings of minority males are greater than those of similar white men.
Which of the following is not an example of a public good that the government has made excludable?
A. State colleges. B. Toll roads. C. City buses. D. Fire Protection.