Although state and local taxes are highly progressive, federal taxation is predominantly regressive.
Answer the following statement true (T) or false (F)
False
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Phillip is going for a job interview. He will have a higher bargaining power if:
A) he is the only applicant. B) there are several applicants. C) no other company has a job opening. D) he is a college freshman.
Assume a new technology is developed that increases the productivity of capital and creates additional economies of scale. How would this affect the firm's minimum efficient scale of operation. Illustrate this effect graphically
What will be an ideal response?
Assume that the reserve requirement is 20 percent. First National Bank has vault cash and deposits with the Fed of $80 million, loans and securities of $320 million, and demand deposits of $400 million. First National:
a. could extend a maximum of $40 million of additional loans. b. could extend a maximum of $20 million of additional loans. c. could extend a maximum of $10 million of additional loans. d. is not in a position to extend additional loans.
China combined economic growth with:
a. low savings rates b. large increases in income inequality c. slow growth of agriculture d. more rapid growth of the state sector e. none of the above