Suppose a taxpayer has an income of $70,000 and a taxable income of $60,000, and pays $9,000 in taxes. If the taxpayer says she is taxed at a 15 percent tax rate, she is referring to the
A. Effective tax rate.
B. Average tax rate.
C. Marginal tax rate.
D. Nominal tax rate.
Answer: D
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Indicate whether the statement is true or false
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A. indirectly to the decision maker of a market exchange. B. to the government without its direct intervention. C. without compensation to someone other than the person who caused it. D. directly to the decision maker of a market exchange.