If an accountant makes $80,000 and after deductions pays $8,000 in taxes while an administrative assistant makes $35,000 and after deductions pays $2,000 in taxes, this is an example of
A. Vertical equity.
B. Effective inequity.
C. Marginal inequity.
D. Horizontal equity.
Answer: A
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The table above has information about the CPI, nominal wage rate, and nominal interest rate for the country of Syldavia for the years 2010 to 2012. The reference base year is 2010. The inflation rate in Syldavia from 2010 to 2011 was
A) 5.0 percent. B) -9.5 percent. C) 3.0 percent. D) 9.5 percent. E) -5.0 percent.
If the price of the output produced by a perfectly competitive firm increases, then:
a. the marginal-cost curve will shift up. b. the demand curve faced by the firm will shift to the left. c. marginal cost will fall as output declines. d. the marginal-revenue curve for the firm will shift up. e. the marginal-cost curve for the firm will shift down.
Entrepreneurship is the act of starting new firms and taking the risks that are necessary in business opportunities
a. True b. False Indicate whether the statement is true or false
Monetary policy is
a. the policy concerning changes in the money supply that is pursued to achieve particular macroeconomic goals. b. the expenditures and taxation policy that the government pursues to achieve particular macroeconomic goals. c. the investment policy that businesses pursue to achieve particular macroeconomic goals. d. the spending and saving policy that consumers pursue to achieve particular macroeconomic goals. e. the spending policy that the Treasury pursues to achieve particular macroeconomic goals.