Under the Tax Reform Act of 1986 the maximum rate of the corporate income tax was
A. raised.
B. lowered.
C. not changed.
B. lowered.
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Which of the following would be studied by macroeconomists?
A. Inflation in developing countries. B. The effect of government subsidies on sugar prices. C. The impact of the minimum wage on families below the poverty level. D. The effect of rent controls on housing prices in New York City.
Patents are ________ barriers to entry and public franchises are ________ barriers to entry
A) legal; legal B) legal; natural C) natural; legal D) natural; natural
Quarts of orange juice at a local grocery store are priced at one for $3.00, or two for $5.00 . The marginal cost of buying a second quart of orange juice:
a. equals $2.00. b. equals $2.50. c. equals $3.00. d. equals $5.00.
The branch of economic theory that analyzes decisions about education and training is
A. welfare economics. B. equilibrium analysis. C. human capital theory. D. consumption theory.