If a person were in the 25% tax bracket and given the choice of a $500 credit or a $2500 deduction,
A. he would take the credit every time.
B. he would not care. They would constitute the same tax benefit.
C. he would take the deduction every time.
D. he would not qualify for either.
Answer: C
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A fall in the price of X from $12 to $8 causes an increase in the quantity of Y demanded from 900 to 1,100 units. What is the cross elasticity of demand between X and Y?
A) 0.5 B) -0.5 C) 2 D) -2
Output expanded and was distributed toward wartime uses and away from private uses only during World War I (1914–18), not World War II (1941–45). The high unemployment of the 1940s made this possible
Indicate whether the statement is true or false
The actual unemployment rate can be greater than or less than the natural rate of unemployment.
Answer the following statement true (T) or false (F)
What are the case against and the case for the minimum wage? What does the evidence indicate?
What will be an ideal response?