The tax represented here is
A. progressive.
B. proportional.
C. regressive.
D. None of these choices
A. progressive.
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The term "price setter" refers to a firm that faces a downward-sloping demand curve and must therefore set the combination of output and price that will maximize the firm's profits
Indicate whether the statement is true or false
The t-statistic measures
A) the efficiency of the t-test relative to the standard z-test. B) the probability that the estimated coefficient is within the range of the standard error. C) whether the estimated coefficient is independent of the standard error. D) whether the estimated coefficient is large relative to the standard error.
In setting premiums, insurance firms face which of the following problems?
a. It is difficult to assign individuals to the correct demographic group. b. Individuals do not want to pay a high premium if that matches their demographic group. c. Individuals do not always have the same characteristics as their demographic group. d. It is difficult to determine premiums for each demographic group.
One surprising thing about the U.S. money stock is that
a. banks hold so much currency relative to the public. b. the public holds so much currency relative to banks. c. there is so little currency per person. d. there is so much currency per person.