Which tax rate measures the percent of your income paid in taxes?
a. the marginal tax rate
b. the average tax rate
c. progressive tax coefficient
d. the excise tax rate
B
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Refer to Figure 18.1. The opportunity cost of bicycles in Canada is
A) 1/2 of a hang glider. B) 2/3 of a hang glider. C) 2 hang gliders. D) 4 hang gliders.
Many economists conclude that in-kind income programs have served to increase levels of inequality significantly from the levels suggested by aggregate income statistics
a. True b. False Indicate whether the statement is true or false
Usury laws
a. limit the use of land to the production of only certain farm goods b. establish price ceilings on interest rates c. establish price floors on interest rates d. protect consumers from the excessive market power of the large agribusinesses who dominate many farm markets e. set the parity pricing ratios
When each individual has consistent preferences, but those of the community are not consistent, it is known as
A. agenda manipulation. B. majority rule. C. voting paradox. D. logrolling.