If the nominal interest rate is higher than the inflation rate, the value of your savings:
A. should remain about the same.
B. cannot be assessed without knowing the beginning balance of savings.
C. will decrease.
D. will increase.
Answer: D
Economics
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If you were to face a marginal tax rate of 15 percent, how much would your tax bill increase when your income increased by $2,000?
A) $30 B) $300 C) $450 D) $600
Economics
Jose pays a tax of $24,000 on his income of $60,000 . while Richard pays a tax of $3,000 on his income of $30,000 . This tax is:
a. a flat tax. b. progressive. c. proportional. d. regressive.
Economics
Define the marginal tax rate
Economics
Externalities can be produced by ____________, as well as ____________.
A. individuals; firms B. market prices; market incomes C. oceans; streams D. none of these answer options are correct.
Economics