The percentage of additional income that will have to be paid in tax is an individual's _____
a. marginal tax rate
b. average tax rate
c. proportional tax rate
d. flat tax rate
a
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Smart Sam can make a $200 investment that yields $1000 50% of the time and $0 50% of the time. What is his expected return on the investment?
a. $200 b. $300 c. $400 d. $500
We would expect which of the following to occur when the central bank conducts an open market purchase of bonds?
A) a reduction in the monetary base (H) B) a reduction in the money multiplier C) an increase in the money multiplier D) an increase in the money supply
One advantage of a partnership is
A. they are easy to form. B. lower costs. C. they are double taxed. D. all the profits go to the older partner.
The natural rate of unemployment includes
A. Frictional and structural unemployment only. B. Structural and seasonal unemployment only. C. Cyclical and frictional unemployment only. D. Seasonal and cyclical unemployment only.