The Tax Cut of 2001
A. permanently eliminated the inheritance tax.
B. lowered the minimum marginal tax rate from 15 percent to 10 percent.
C. will lower the top marginal tax rate to 23 percent by the end of the decade.
D. expires in 2006.
B. lowered the minimum marginal tax rate from 15 percent to 10 percent.
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Developing countries have identified which key issues as important to them in current trade talks?
What will be an ideal response?
In one week, Tetah can knit 15 sweaters or bake 480 cookies. The opportunity cost per cookie for Tetah is
a. $15 b. 15 sweaters c. 32 sweaters d. 1/32 of a sweater e. 480 sweaters
An increase in the demand for a good means that:
a. the demand curve has shifted to the left. b. the good's price has fallen and, as a result, consumers are buying more of the good. c. the good has become scarce. d. consumers are willing to purchase more of the good at each possible price.
While taxes create deadweight losses in otherwise allocatively efficient markets, a corrective tax actually eliminates the deadweight loss caused by the pollution externality
a. True b. False Indicate whether the statement is true or false