If your income is $40,000 and your income tax liability is $5,000 . your marginal tax rate is
a. 8 percent.
b. 12.5 percent.
c. 20 percent.
d. unknown. We do not have enough information to answer this question.
d
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The quantity theory of money asserts that inflation is the result of growth in
A) the quantity of money. B) potential GDP. C) the natural rate of unemployment. D) money wage rates.
According to recent public opinion polls, what percentage of Americans are satisfied with the quality of the medical care they receive?
a. 15 percent. b. 40 percent. c. 65 percent. d. 70 percent. e. 90 percent.
As interest rates rise,
a. the temptation to borrow increases. b. the cost of carrying the national debt rises. c. the likelihood of a surplus budget increases. d. the need for deficit spending to reinvigorate the economy grows.
An example of a renewable resource would be:
A. a river. B. natural gas. C. coal. D. All of these are examples of renewable resources.