Which of the following tax does not decrease income inequality?
A. Sales taxes
B. Personal income taxes
C. Estate taxes
D. Negative income taxes
Answer: A
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Which market type has characteristics as follows: large number of firms, differentiated product?
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly
What is the marginal utility per dollar and how is it calculated?
What will be an ideal response?
The distinction between endogenous and exogenous variables is
A) that exogenous variables are determined inside the model and endogenous variables are determined outside the model. B) dependent on the sample size: for n > 100, endogenous variables become exogenous. C) depends on the distribution of the variables: when they are normally distributed, they are exogenous, otherwise they are endogenous. D) whether or not the variables are correlated with the error term.
Perfect, or 100%, recycling is
a. Physically feasible but always too expensive b. Not possible according to the second law of thermodynamics c. Physically feasible but not done because of failure to incorporate environmental costs d. Only accomplished for a few non-renewable resources e. Not currently feasible but will be possible in the future