Who issues U.S. paper currency?
(A) The Treasury Department
(B) The district Federal Reserve Banks
(C) The U.S. bank examiners
(D) The U.S. Mint
Ans: (B) The district Federal Reserve Banks
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A British investor buys $40,000 worth of stocks in the U.S. stock market. For the U.S. we would predict ________.
A. the balance of trade will increase B. the balance of trade will decrease C. the effect on the balance of trade will depend on how the capital account changes D. the balance of trade will not change
During the second half of the nineteenth century and first half of the twentieth century, per capita incomes on the West Coast of the US were ___ than the national average, and per capita incomes in the South were ___ than the national average
a. lower, higher. b. higher, lower. c. lower, lower. d. higher, higher.
In the prisoner's dilemma: a. the outcome obtained when both confess is worse for each than the outcome they would have obtained had they both remained silent. b. whatever the other does, each is better off confessing than remaining silent
c. we see a conflict between group and individual rationality. d. all of the above
?Scenario: You are a U.S. taxpayer who had taxable income of? $200,000 in 2017. You paid? $49,400 in individual income? taxes, and you paid 33 cents of the last dollar you earned as individual income tax. Your marginal tax rate is? ________
A. 33 percent B. 0 percent C. 49.4 percent D. 24.7 percent