What is meant by the marginal tax rate?
A) The highest rate that can be extracted.
B) The lowest rate that will still meet the government's revenue requirements.
C) The percentage of additional income that is taken by taxes.
D) The rate paid by businesses that are just barely able to survive.
C
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The Fed does not have to go through the normal congressional appropriations process because
A) its expenses are very small. B) it was given enough funds at the time of its founding to provide for its expenses indefinitely. C) it is self financing. D) it is not part of the legislative branch of the federal government.
In the linear breakeven model, the breakeven sales volume (in dollars) is equal to fixed costs divided by:
a. unit selling price less unit variable cost b. contribution margin per unit c. one minus the variable cost ratio d. a and b only e. a, b, and c
A follower of liberalism would not support a redistribution of income but rather would focus on equalizing opportunities
a. True b. False Indicate whether the statement is true or false
Monetary policy is more effective with fixed exchange rates than with floating exchange rates.
Answer the following statement true (T) or false (F)