The marginal tax rate refers to the tax rate charged on the:
A. last dollar a taxpayer earns.
B. income earned from buying investments and selling them at a higher price.
C. earnings of individuals.
D. value of a good or service being purchased.
A. last dollar a taxpayer earns.
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Suppose that at some point the spot exchange rate is equal to 100 yen per one U.S. dollar, while the interest rate in dollars is 6% and the interest rate in yen is 1%. What is the approximate forward rate that is consistent with this situation?
A) 95.3 yen per dollar B) 105 yen per dollar C) 107 yen per dollar D) 92 yen per dollar
Which of the following questions is of most interest for MACROECONOMISTS?
A) Why is there inflation? B) Why does the steel industry want tariffs? C) What is the appropriate stance of antitrust policy? D) Why do foreigners immigrate to the United States?
In the United States, inheritance accounts for roughly ________ of income inequality.
A. 10 percent B. 30 percent C. 50 percent D. 20 percent
Product differentiation that makes the product ________ is horizontal differentiation.
A. better than a rival's product from everyone's perspective B. less expensive to produce than the rival's product C. better for some consumers and worse for others D. more similar to the rival's product