Which of the following is true?
a. Marginal tax rates that take a large share of income will enhance the incentive of individuals to invest and engage in productive activities.
b. High tax rates will tend to drive investment funds and highly productive citizens to other countries where tax rates are lower.
c. As marginal tax rates increase, individuals get to keep a larger share of their earnings.
d. Countries can gain by imposing higher tariffs and other barriers that will restrain international trade.
B
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Six Flags Entertainment Cor
A) Some of the property owners might ask for more money than their property is worth and prevent the project from moving forward. B) The transactions costs of bargaining with the current landowners is likely to be quite low. C) The government would likely not use eminent domain in this situation since it involves a private corporation trying to acquire land from private landowners. D) The land must be undervalued for a large corporation like Six Flags to want to acquire it.
Which of the following federal agencies is NOT engaged in economic regulation?
A) the Federal Reserve B) Federal Aviation Administration C) Food and Drug Administration D) Federal Deposit Insurance Corporation
Which of the following will most likely occur under a system of clearly defined and enforced private property rights?
What will be an ideal response?
Some say in-kind transfers are inefficient because:
A. some of them get traded in a secondary market, implying inefficient distribution. B. everyone always prefers cash to goods and services. C. it's not what most people want. D. cash transfers allow utility-maximizing individuals to make the best decisions about items they need.