Refer to the given data. If your taxable income increases from $4,000 to $5,000, you will encounter a marginal tax rate of:
A. 40 percent.
B. 25 percent.
C. 15 percent.
D. 10 percent.
A. 40 percent.
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International trade under a floating exchange rate system
A. has been trouble-free owing to the stabilizing role of speculators in the currency markets. B. has suffered from so many problems that the volume of trade has declined significantly. C. exposes businesses to unavoidable risks when exchange rates change. D. has been subject to wild runs on currencies that were on the verge of devaluation.
The New York Stock Exchange is the only place where a corporation can sell stocks and raise money
a. True b. False Indicate whether the statement is true or false
Explain the source of monopoly power for DeBeers’ Diamond Mine in South Africa, Microsoft (owned by Bill Gates), the American Medical Association (which licenses doctors), Polaroid’s Instant Picture Cameras, USAir (which owns virtually all the gates at the airport in Charlotte, North Carolina), and electric utilities.
What will be an ideal response?
A major cause of the Great Recession was:
a. A severe increase is U.S. banking regulations that prohibited or stalled the free market. b.Excessive foreign exchange speculation. c. Contractionary fiscal policies. d. Excessive money creation by the Federal Reserve immediately before and during the downturn. e. A shift from an "originate-to-hold" to an "originate-to-distribute" mortgage origination strategy.