A regressive tax means that if someone earning $25,000 pays $5,000, someone earning $50,000 must pay
A. less than $5,000.
B. more than $15,000 but less than $20,000.
C. less than $10,000.
D. more than $10,000 but less than $15,000.
Answer: C
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We interpret the meaning of "loanable funds" as the
a. flow of resources available from private saving. b. flow of resources available to fund private investment. c. resources borrowed by private investors and by government. d. resources lent by private investors and by government.
The interest rate that commercial banks charge each other for very short-term loans is called the:
A. federal funds rate. B. prime rate. C. bank loan rate. D. Federal Reserve discount rate.
Which of the following would be part of the nation's financial account?
A) A night club show seen by an American in Mexico City B) A dividend from a British equity owned by an American C) A payment to the Philippine government for the use of military bases in their country D) One hundred shares of British Petroleum stock purchased by an American
A resource price taker's resource demand curve is
a. horizontal b. the same as its marginal resource cost curve c. the same as its marginal revenue product curve d. the same as its marginal product curve e. the same as its average variable cost curve