The above figure shows the market for blouses. The government decides to impose the sales tax on sellers, as shown in the figure. What is the deadweight loss?
A) $10,000
B) $20,000
C) $30,000
D) $40,000
A
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In the market for jeans, which of the following events increases the de-mand for a pair of jeans?
A. The wage rate paid to garment workers rises. B. The price of a denim skirt (a substitute for jeans) rises. C. The price of denim cloth falls. D. New technology reduces the time it takes to make a pair of jeans.
Assume that for the fourth quarter of 2012, nominal GDP was $245 billion, potential real GDP was $260 billion, and the GDP deflator was 112. According to Okun's law, the cyclical unemployment rate during the fourth quarter of 2012 was
A) 2.9%. B) 3.1%. C) 8.0%. D) 8.4%.
The colonies traded internationally with regions other than the United Kingdom. They included all except
(a) Africa (b) China (c) West Indies (d) Southern Europe
The United States indexed tax brackets in _____
a. 1962 b. 1975 c. 1982 d. 1991