An increase in marginal tax rates will
A) increase the incentive of individuals to earn additional income.
B) allow taxpayers to keep more of what they earn.
C) reduce the share of additional earnings that individuals are permitted to keep.
D) make tax deductible purchases more expensive.
C) reduce the share of additional earnings that individuals are permitted to keep.
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Refer to Table 2.3. Nominal GDP in 2007 is
A) $320.63. B) $490.00. C) $568.00. D) $1282.50.
Less-developed countries are experiencing rapid population growth because _____
a. birthrates are rising at a slower rate than mortality rates b. birthrates are falling while mortality rates are rising c. both birthrates and mortality rates are falling d. birthrates are rising while mortality rates are falling e. birthrates are constant and mortality rates are rising
Which of the following are included in calculating economic costs?
A. implicit costs B. explicit costs C. accounting costs D. All of these are correct.
From the mainstream perspective, instability in the economy is due to:
A. Price flexibility, and shocks to either aggregate demand or aggregate supply B. Price stickiness, and shocks to either aggregate demand or aggregate supply C. Price flexibility, and government policies and regulation D. Price stickiness, and government policies and regulation