Most loopholes in the income tax system
a. are more likely to be exploited by the wealthy.
b. make it more progressive.
c. were created by the tax reforms instituted in 1986.
d. do not affect the economic decisions of the people who benefit from them.
a
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When the marginal cost curve lies above the average cost curve, ________
A) the marginal cost curve slopes upward, while the average cost curve slopes downward B) the marginal cost curve slopes downward, while the average cost curve slopes upward C) both the marginal cost curve and the average cost curve slope upward D) both the marginal cost curve and the average cost curve slope downward
Long Beach Island, off the coast of New Jersey, is considering building a system of satellite towers that will enhance communication during emergencies such as hurricanes
The efficient quantity of satellite towers is definitely the quantity of such that the A) marginal social cost is equal to the marginal social benefit. B) marginal private cost is equal to the marginal social benefit. C) marginal social cost is less than the marginal social benefit. D) marginal private cost is less than the marginal social benefit.
If households spend $0.95 of each additional dollar of increased income, the expenditure multiplier will be
A) 1.05. B) 5. C) 20. D) 9.5.
If supply is upward-sloping and demand is downward sloping, what happens to the equilibrium real, risk-free interest rate and quantity of real loanable funds per time period if there is a decrease in government deficits:
a. The real risk-free interest rate rises and the quantity per time period falls. b. The real risk-free interest rate rises and the quantity per time period rises. c. The real risk-free interest rate falls and the quantity per time period falls. d. The real risk-free interest rate falls and the quantity per time period rises. e. The real risk-free interest rate falls and the quantity per time period is uncertain.