According to the Laffer curve, the federal tax rate affects:
a. incentive to work.
b. savings.
c. investment.
d. tax revenue.
e. All of these.
e
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The role of the Commodity Futures Trading Commission is to
A) set the prices of futures contracts. B) operate the Chicago Mercantile Exchange. C) operate the Chicago Board of Trade. D) monitor potential price manipulation in futures trading.
Cooperative equilibriums:
A. are impossible to reach in real life. B. never occur unless players act in their own self-interest. C. never result in positive-positive outcomes. D. can arise if a game is repeated.
Economic growth can:
A. create less jobs compare to a stagnated economy. B. increase poverty overall. C. improve standards of living. D. reduce the price level in the economy.
ZappIt Co produces limited edition action figures and is willing to receive $100 per figure. In 2015, the market price for an action figure went up from $125 to $150 . In 2016, the market price for an action figure decreased from $150 to $130 . The producer surplus received by ZappIt Co _____
a. increased in 2015, but decreased in 2016 b. decreased in both 2015 and 2016 c. decreased in 2015, but increased in 2016 d. increased in both 2015 and 2016