Which of the following does NOT provide a positive externality?
A. Getting a flu vaccine
B. The proliferation of email accounts
C. Airport and aircraft noise
D. Actions that benefit others
Answer: C
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What are the three stages of constructing the CPI?
What will be an ideal response?
Refer to Table 2.7. Use the information in the table to calculate the values for national income, personal income, and disposable personal income
What will be an ideal response?
Suppose a taxpayer has an income of $120,000 and a taxable income of $80,000, and pays $20,000 in taxes. If the taxpayer says she is taxed at a 25 percent tax rate, she is referring to the
A. Effective tax rate. B. Marginal tax rate. C. Nominal tax rate. D. Average tax rate.
An increase in taxes will cause
A. AS to increase (move down and to the right). B. AS to decrease (move up and to the left). C. AD to increase (move to the right). D. AD to decrease (move to the left).