A head tax is
a. always regressive.
b. an indirect tax on the value of property.
c. the primary tax used by U.S. municipalities to raise revenue.
d. All of the above are correct.
a
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Refer to the information below. What is slope of the demand curve?
A small nation has three gasoline suppliers with a linear monthly market demand equal to: Q = 500,000 - 5P. Each firm's marginal cost (MC) and average total cost (ATC) curves are horizontal at $10,000 per month. A) 0.20 B) -0.20 C) -5 D) 5
Brazilian subsidies on its exports of furniture to the United States. Which type of tariff will be applied on U.S. imports of Brazilian furniture?
a. antidumping duties b. countervailing duties c. export duties d. safeguard duties levied under Section 421 of the amended U.S. Trade Act of 1974
The macro consequence of unemployment is
A. A leftward shift in the production possibilities curve. B. Lost output for the economy. C. Lost income for the individual worker. D. A 1 percent decrease in GDP for every 1 percent decrease in unemployment.
Inflation can reduce the true cost of debt, and policymakers lower interest rates to encourage borrowing. Is it a good idea then to always take advantage of lower interest rates to borrow and rely on inflation to reduce the cost of debt and to increase your ability to repay the loan?
What will be an ideal response?