The benefit of tax deferred savings accounts is_____
a. that it helps avoid some of the double taxation of saving
b. that it helps taxpayers avoid bracket creep
c. that it increases government tax revenue in the long run
d. that it stimulates aggregate demand
a
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Use the following graph for a competitive market to answer the question below.
Assume the government imposes a $3 tax on buyers, which results in a shift of the demand curve from D1 to D2. The price the consumer pays for the product after the tax is imposed on the buyer is
A. $7. B. $3. C. $8. D. $5.
The figure above shows Sam's budget line. Which of the following combinations of gasoline and coffee are available to Sam?
A) 40 gallons of gasoline and 1 pound of coffee B) 1 gallon of gasoline and 20 pounds of coffee C) 16 gallons of gasoline and 12 pounds of coffee D) 12 gallons of gasoline and 16 pounds of coffee
Brian Vargo, an auto repair mechanic who remains unemployed because he refuses to work for less than $1,000 an hour, is
a. counted as part of the labor force and is unemployed b. considered frictionally unemployed c. an underemployed worker d. not counted as part of the labor force e. considered productively active even though he isn't working
Recall the Application about the effect of global warming on economic growth to answer the following question(s). According to this Application, over time, as economies adapt to higher temperatures:
A. approximately half the decline in per capita income disappears. B. approximately half the increase in per capita income disappears. C. per capita income does not seem to change. D. real income begins to increase and per capita income begins to decrease.