Refer to Figure 1A.1. The slope of the line between the points where hours worked per week are 20 and hours worked per week are 30 is:
A. 0.2.
B. 5.
C. 10.
D. 50.
Answer: B
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Under a regressive income tax system, individuals with higher incomes pay higher marginal tax rates
a. True b. False
A country has a (an) __________ in the production of a good it produces at lower opportunity cost than another country
A) absolute advantage B) specialization disadvantage C) tariff-efficient advantage D) infant-industry advantage E) none of the above
Currently you purchase 6 packages of hot dogs a month. You will graduate from college in December and you will start a new job in January. You have no plans to purchase hot dogs in January. For you, hot dogs are
a. a substitute good.
b. a normal good.
c. an inferior good.
d. a law-of-demand good.
Which of the following is NOT a stock variable?
A. government debt B. the labor force C. the amount of money held by the public D. inventory investment