Under a head tax, the amount of tax paid is:
A. a linearly increasing function of the taxpayer's income.
B. the same for all taxpayers who use the public good.
C. proportional to each taxpayer's income.
D. the same for all taxpayers.
Answer: D
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People buy insurance
a. because they are risk averse. b. to defer consumption. c. because of externalities. d. to maximize their welfare. e. to ensure against poor health.
If you put $1,000 in a savings account at an interest rate of 10 percent, how much money will you have in one year?
A. $909 B. $950 C. $1,200 D. $1,100
Reasons that technological firms should avoid licensing:
If the Fed lowers the reserve requirement, then this
A) increases excess reserves, encourages banks to make more loans, and increases the money supply. B) decreases excess reserves, causes banks to reduce their loans, and decreases the money supply. C) decreases excess reserves, causes banks to reduce their loans, and increases the money supply. D) increases excess reserves, causes banks to reduce their loans, and increases the money supply.