Japan exports more goods than any other country
Indicate whether the statement is true or false
F
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In the United States in 2014, the highest marginal tax rate for individual income taxes was 39.6%
Indicate whether the statement is true or false
U.S. taxpayers spend many hours during the year maintaining records for tax purposes and preparing their income tax returns. This administrative cost
A) is part of the deadweight loss of taxation. B) is larger for individuals in the lowest income quintile than for individuals in the highest income quintile. C) is equal to the value of consumer surplus associated with the income tax system. D) can be claimed as a deduction on income tax returns.
Which of the following is the LEAST scarce?
A) college education B) medicine C) housing D) air
The DOLS estimator has the following property if Xt and Yt are cointegrated:
A) it is BLUE even in small samples. B) it is efficient in large samples. C) it has a standard normal distribution when homoskedasticity-only standard errors are used. D) it has a non-normal distribution in large samples when HAC standard errors are used.