Today farms with sales of more than $250,000 a year account for about _____ percent of all agriculture sales.
A. 5
B. 25
C. 50
D. 75
D. 75
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The following data represent a personal income tax schedule. Answer the next question on the basis of this information.Taxable IncomeTotal Tax$15,000$1,50030,0003,50060,0009,000120,00025,000As income increases, the average tax rate
A. decreases. B. increases. C. remains constant. D. has no definite pattern.
_____ is the primary reason that explains why some nations are richer than the others
a. A democratic government b. A strong judicial system c. Access to education d. Private ownership e. A stable currency
The central reason why there are gains from international trade is because
A. trading allows otherwise unemployed people to have jobs. B. the rate of interest is not the same in all countries. C. resources are not equally distributed to all nations. D. those nations with absolute advantages in producing many goods can produce all of those goods at lower opportunity costs than other countries.
An increase in the actual inflation rate is represented by a
A) movement up and along a given Phillips curve. B) movement down and along a given Phillips curve. C) leftward shift in the Phillips curve. D) rightward shift in the Phillips curve.