The changes contained in the Tax Relief Act of 2001 included
A. More tax brackets to increase vertical equity.
B. A partial shift from corporate to personal taxes.
C. New loopholes to encourage education
D. Narrowing the tax base.
Answer: C
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Which of the following is not an argument in favor of restricting trade?
a. to preserve national security b. to prevent dumping c. to increase consumer surplus d. to protect infant industries e. to protect declining industries
If the required reserve ratio is 0.2, and a bank has $100 million in demand deposits and $40 million in property and buildings, it must hold reserves of at least
a. $28 million b. $20 million c. $26 million d. $12 million e. $8 million
All else equal, the price elasticity of demand tends to be higher when:
A. a good has many substitutes. B. the time horizon is relatively short. C. supply increases. D. people spend a small fraction of their budget on the good.
A social entrepreneur's central motivation in creating "for-benefit" corporations is to achieve social, not just economic, ends.
Answer the following statement true (T) or false (F)