If you earned an additional $1,000 of taxable income and paid $220 in taxes on that income, what would your marginal tax rate be?
What will be an ideal response?
22 percent
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Which of the following is NOT a reason why some industries are oligopolies?
A) economies of scale B) barriers to entry C) independence in pricing behavior D) mergers
Disinflation refers to
A) a rapid increase in the price level. B) a decrease in the price level. C) a reduction in the rate of inflation. D) an increase in the rate of inflation.
In Coppage v. Kansas (1912), the Supreme Court held that
a. all employers were required to offer employees the option of joining a union. b. an employer's right to require that employees sign "yellow-dog contracts" was protected by the 14th Amendment. c. "yellow-dog" contracts were illegal for any business engaged in interstate commerce. d. using federal troops to break strikes was a legitimate use of police power. e. All of the above.
Households ________ factors of production and ________ goods and services
A) demand; supply B) demand; demand C) supply; supply D) supply; demand