If we want to gauge the sacrifice made by a taxpayer, we should use the
a. average tax rate.
b. marginal tax rate.
c. lump-sum tax rate.
d. sales tax rate.
a
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An increase in production costs will shift the:
A) aggregate demand curve. B) short-run aggregate supply curve. C) long-run aggregate supply curve. D) none of the above.
When will an individual's indifference curves be identical with the iso-expected value lines?
a. Never. b. When the individual is risk averse. c. When the individual is risk neutral. d. When the individual is risk preferring.
The United Nations' goal of reducing the global rate of extreme poverty to 15 percent by 2015 is known as the
A. United Nations' Poverty Goal. B. World Poverty Goal. C. Global Poverty Goal. D. Millennium Poverty Goal.
If labor productivity in a copper mine is 2.5 tons per worker, then 200 copper miners with a fixed amount of capital produce
A. 125 tons. B. 275 tons. C. 450 tons. D. 500 tons.