The marginal tax rate serves as a measure of the extent to which the tax system discourages people from working
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
How is the marginal product of labor calculated? As the firm increases its output, what pattern will we observe in the marginal product of labor and why does it occur?
What will be an ideal response?
The business cycle refers to
A) fluctuations in the level of real GDP around potential GDP. B) changes in the level of nominal GDP. C) changes in the level of the stock market. D) changes in the level of employment.
The object of diversification is
A) to reduce risk and fluctuations in income. B) to reduce risk, but not to reduce fluctuations in income. C) to reduce fluctuations in income, but not to reduce risk. D) neither to reduce risk, nor to reduce fluctuations in income.
If the United States' price level is below the world price level, all of the following would be successful in raising the world price (supply) level except:
A. wages in the United States falling. B. the value of U.S. assets falling. C. the dollar appreciating. D. the United States gaining a comparative advantage.