The lowest marginal tax rate used in the United States is
A. 10 percent.
B. 28 percent.
C. 33 percent.
D. 39.6 percent.
A. 10 percent.
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The aggregate production function of Ritland is Y = A × K0.3 × H0.7. The total output produced in Ritland in a certain year was worth $135,000
The technology used in the country improved over the next 10 years while the capital stock and the efficiency units of labor remained approximately the same. Which of the following is likely to be true in this case? A) The Human Development Index of the country is likely to improve. B) The gross domestic product of the country is likely to increase. C) The gross domestic product of the country is likely to decrease. D) The inflation rate in the country is likely to reduce.
Refer to Table 29-1. Use the information in the table to prepare a balance of payments account and find the value of the statistical discrepancy. Assume that the balance on the capital account is zero
What will be an ideal response?
Explain why it is unwise to bid more than your valuation of the good in a sealed bid second-price auction
What will be an ideal response?
Which of the following examples would cause the equilibrium quantity to decrease?
a. The demand for picture frames increased as the supply of this product also increased. b. The supply of pens increased as the demand for this product decreased at the same rate. c. Although the demand for CDs decreased, the supply of this product increased more. d. Although the supply of bow ties increased, the demand for this product decreased more.