If the tax rate remains the same as the base increases, the income tax structure is said to be:
a. proportional
b. lump-sum.
c. negatively skewed.
d. progressive.
e. regressive.
a
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Contractionary monetary policy:
a) shifts the aggregate demand curve to the left. b) shifts the aggregate demand curve to the right. c) does not shift the aggregate demand curve. d) shifts the aggregate demand curve to the left and then back to the right.
Exhibit 9-3 A monopolistic competitive firm in the long run
?
As presented in Exhibit 9-3, the long-run profit-maximizing output for the monopolistic competitive firm is:
A. zero units per week. B. 200 units per week. C. 400 units per week. D. 600 units per week.
If a school that offers higher wages to its staff is set up near a school that offers comparatively lower wages to its staff, what will be the effect on the wage rate and the staff strength in the school that pays lower wages?
What will be an ideal response?
To find a firm’s total revenue at every quantity, all you need to know is
A. the demand curve for its product. B. the demand curve for its product and its total cost. C. its profit-maximizing price and quantity. D. its total profit curve.