If you have flipped a fair coin and tails has come up 49 times in a row, what are the odds that the next flip will be a head?
A) 1/50
B) 1/25
C) 1/2
D) 1 (100%)
C
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The chartering process is similar to ________ potential borrowers and the restriction of risk assets by regulators is similar to ________ in private financial markets
A) screening; restrictive covenants B) screening; branching restrictions C) identifying; branching restrictions D) identifying; credit rationing
Refer to the accompanying figure. As Jeff watches more movies, his marginal utility:
A. gets close to one B. does not change C. gets smaller D. gets larger
Policy makers and citizens who want to expand the size of the government sector would favor stabilization policies that
A. raise G to eliminate a recessionary gap and lower taxes to eliminate an inflationary gap. B. raise G to eliminate a recessionary gap and raise taxes to eliminate an inflationary gap. C. reduce taxes to eliminate a recessionary gap and raise G to eliminate an inflationary gap. D. reduce taxes to eliminate a recessionary gap and reduce G to eliminate an inflationary gap.
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?