Which of the following would serve to reduce the costs caused by the variability of inflation?
A) seignorage
B) bracket creep
C) a higher capital gains tax
D) indexed wages
E) none of the above
D
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The above table shows the total product schedule for the campus book store. If each employee is paid $6 per hour and there are no other variable costs, then at what level of books sold per hour does the marginal cost begin to increase?
A) 41 books per hour B) 59 books per hour C) 73 books per hour D) 90 books per hour
Openness and change in the economic models of India and China have meant for the world economy all of the following EXCEPT
A) hundreds of millions of people have escaped poverty. B) many manufactured goods and services have become cheaper. C) forced some firms to downsize, offshore or otherwise change business practices. D) increased the market power of firms in industrialized countries as they gained most from this evolving trade.
The major social insurance program in the United States is
a. Social Security b. Temporary Assistance for Needy Families c. Medicare d. Medicaid e. food stamps
Deadweight losses and administrative burdens are key factors considered when determining the efficiency of the tax system
a. True b. False Indicate whether the statement is true or false