The average tax rate can be calculated by which of the following formulas?
A) the change in taxes due divided by the change in taxable income
B) the change in taxable income divided by the change in taxes due
C) total taxes due divided by total taxable income
D) total taxable income divided by total taxes due
C
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The cost savings from outsourcing often lead to ________ for consumers and ________ for the outsourcing company
A) lower prices; more output B) lower prices; less output C) higher prices; more output D) higher prices; less output
Moving along a country's PPF, a reason opportunity costs increase is that
A) unemployment decreases as a country produces more and more of one good. B) unemployment increases as a country produces more and more of one good. C) technology declines as a country produces more and more of one good. D) some resources are better suited for producing one good rather than the other. E) technology must advance in order to produce more and more of one good.
"Inflation Targeting Rule" is a special case of a
A) Taylor Rule with zero weight on output. B) Taylor Rule with zero weight on inflation. C) Taylor Rule with an equal weight on output and inflation. D) Taylor Rule with different but positive weights on output and inflation.
Whites are about equally divided over the cause for black poverty being racial inferiority or discrimination
Indicate whether the statement is true or false