Literacy rates in the Global South ________ the Global North.
A. have caught up to those in
B. are falling even farther behind those in
C. are still significantly lower than those in
D. have surpassed those in
Answer: C
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Which of the following must occur as a result of ceilings on apartment rents that are set below market clearing rental rates?
A) Property owners respond to the ceilings by increasing maintenance and repairs. B) Property owners respond to the ceilings by constructing new apartment buildings. C) There is a decrease in the quantity of apartments that prospective tenants wish to rent. D) There is a decrease in the quantity of apartments that property owners offer for rent.
Suppose the income tax rate schedule is 0 percent on the first $10,000; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $20,000; and 40 percent on any income over $70,000. Family A earns $32,000 a year and Family B
earns $70,000 a year. Both families each receive a ten percent raise. What is the marginal tax rate of each and what is the extra tax paid by each after the raise? What will be an ideal response?
According to the classical theory, the aggregate supply curve is
A. downward sloping. B. upward sloping. C. horizontal. D. vertical.
Assets minus liabilities equals net worth.
Answer the following statement true (T) or false (F)