Death taxes, both state and federal, account for about _____ percent of total tax revenue.
A. 1
B. 2
C. 3
D. 10
Answer: A
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Assume that the supply curve is horizontal because marginal cost is constant at $10. John, Robert, and Jimmy each value one compact disc at $20 but only Jimmy and John value a second compact disc (Jimmy at $5 and John at $15). The maximum possible value achieved in this market is
a. $35. b. $60. c. $75. d. $80.
What is asymmetric information?
What will be an ideal response?
During the Great Depression, real interest rates
A) rose to unprecedentedly high levels. B) rose only slightly above the long-run trend. C) fell to unprecedentedly low levels. D) fell only slightly below the long-run trend.
Which of the following groups tend to have lower unemployment?
a. younger workers b. middle-aged workers c. women d. those with less education