?Scenario: You are a U.S. taxpayer who had taxable income of? $200,000 in 2017. You paid? $49,400 in individual income? taxes, and you paid 33 cents of the last dollar you earned as individual income tax. Your marginal tax rate is? ________
A. 33 percent
B. 0 percent
C. 49.4 percent
D. 24.7 percent
Answer: A. 33 percent
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If consumers paid an amount for any good that reflected the value of the total benefits they receive from consuming it, then
a. consumer surplus would be at a maximum b. consumer surplus would be equal to zero c. total revenue would equal variable cost d. consumer surplus would equal producer surplus e. producer surplus would exceed consumer surplus
In the Keynesian model, if aggregate expenditures exceed aggregate output and inventories of firms fall, then the aggregate output and the business sector could be expected to:
a. increase output. b. decrease output. c. decrease investment. d. hire fewer workers.
One reason that firms will experience decreasing returns to scale is:
A. the law of diminishing marginal returns. B. the specialization of inputs as scale increases. C. there is some fixed input that isn't being taken into consideration. D. larger firms may be easier to manage effectively.
Which of the following is least likely to reduce poverty?
A. Receiving aid from private charities or NGOs. B. Receiving foreign aid from rich donor countries. C. Redirecting resources within the poor nation away from the military. D. Raising taxes within the poor nation.