Suppose the marginal utilities for the first three cans of soda are 100, 80 and 60, respectively. The total utility received from consuming 2 cans is
A) 20. B) 80. C) 90. D) 180.
D
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What are the automatic stabilizers the United States has in place, and how do they function differently from discretionary fiscal policy?
What will be an ideal response?
Suppose the population (age 16 and over) of Guatemala is 100 million; 5 million are unemployed, and 70 million hold jobs. The employment/population ratio of Guatemala is
a. 5 percent. b. 65 percent. c. 70 percent. d. 85 percent.
The benefits-received principle of taxation is most evident in:
A. personal income taxes. B. inheritance taxes. C. corporate income taxes. D. excise taxes on gasoline.
In 2014, the average federal income tax rate paid by a household in the bottom half of the income distribution in the United States was
A. 3.45% B. 4.41% C. 20.0% D. 23.45%