Higher breakeven levels of income can be achieved by decreasing
A. Earnings disregards.
B. In-kind benefits.
C. The marginal tax rate.
D. Basic benefits.
Answer: C
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Vito attends college and works part-time job as a waiter. He can work up to 40 hours each week at his job, which pays $8 per hour. The table below shows his utility from different levels of leisure and income. Vito is currently working 20 hours per week. If Vito decides to work 30 hours instead, what will be his marginal utility loss from having less leisure?
a. 34
b. 24
c. 10
d. 18
Which of the following statements describes the situation for the United States at a real interest rate of 4 percent?
a. There is a capital inflow from the United States to the United Kingdom.
b. The interest rate is at the equilibrium level for the United States.
c. The quantity of loanable funds demanded by U.S. borrowers is greater than the quantity of loanable funds supplied by U.S. lenders.
d. The quantity of loanable funds demanded by U.K. borrowers is greater than the quantity of loanable funds supplied by U.K. lenders
List four examples of oligopolies in the United States.
What will be an ideal response?
A firm that is earning positive profits in the short run has an incentive to ________ its scale of operation in the long run.
A. expand B. not change C. contract D. encourage another firm to expand