Exemptions are more desirable than deductions for a person in the 36% tax bracket.
A. True
B. False
C. Uncertain
A. True
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Suppose real GDP grows at 7 percent per year and the population grows at 2 percent per year. How many years will it take for real GDP and real GDP per person to double?
What will be an ideal response?
When investors invest in something simply because everyone else is doing it, they are:
A. suspect to "tulip mania." B. following a "herd instinct." C. acting objectively on full information available in the market. D. leveraging market performance for their own gain.
Of the arguments for limiting trade, which one is the most appealing to economists?
A. protecting the jobs of citizens B. protecting the profits of companies C. preventing other countries from getting a comparative advantage by their use of child labor D. helping an industry that is in trouble
Disposable income reflects
A) Income before taxes. B) Personal income after taxes. C) Net income from business activity. D) None of the above.