Microeconomics

Local governments receive around _____ of their total revenue from intergovernmental transfers. ...

Started by cnetterville

Income tax on the wealthy to finance the welfare for the poor causes income redistribution. This is ...

Started by joesmith1212

If firms in a competitive market have different cost functions, then A) there is no short run ...

Started by savannahhooper

A market is said to clear when A) sellers give up selling their goods because they can't find any ...

Started by HudsonKB16

A reduction in tax expenditures _____. a. will cause tax revenues to rise b. will cause ...

Started by genevieve1028

In year 2008, 1334 million lbs of milk was produced and sold in U.S. This is A) the decision of ...

Started by newbem

Assume a company can offer customers cable television and Internet service at essentially zero ...

Started by WhattoUnderstand

When taxpayers pay more in taxes because of inflation even when the nominal tax structure remains ...

Started by nautica902

A stair-like market supply curve is the result of A) higher cost firms charging a higher price ...

Started by KWilfred

The United States indexed tax brackets in _____. a. 1962 b. 1975 c. 1982 d. ...

Started by CBme

In theory, when a local government receives a grant to finance a certain type of expenditure, it ...

Started by folubunmi

The benefit of tax deferred savings accounts is_____. a. that it helps avoid some of the double ...

Started by littleanan

In a short run competitive equilibrium A) the market demand curve is horizontal. B) the market ...

Started by Hungry!

The excess burden of taxation can be minimized by _____. a. placing taxes on goods with elastic ...

Started by vHAUNG6011

Given the production function q = 4L + K, what is the marginal product of labor when capital is ...

Started by ahriuashd

Local governments wanting to keep their tax base from eroding away should choose _____. a. income ...

Started by WWatsford

Which of the following is not a tax-deferred saving method? a. IRAs b. Keogh plans c. 403(b) ...

Started by Anajune7

The purpose of making assumptions in economic model building is to A) force the model to yield ...

Started by dalyningkenk

The deductibility of state and local taxes at the federal level _____. a. biases states against ...

Started by BrownTown3

An income tax will have zero welfare cost when an individuals labor supply curve is perfectly ...

Started by altibaby

If a model's predictions are correct, then A) its assumptions must have been correct. B) it is ...

Started by fagboi

Given the production function q = 4LK, what is the marginal product of labor when capital is fixed ...

Started by maychende

Taxpayers would be better off if a tax could just raise revenue without ______. a. altering the ...

Started by sabina

The federal government of the United States was established as a federation of the governments of ...

Started by yoroshambo

If Qs = -20 + 10p, and Qd = 400 - 20p, what is the equilibrium price? A) 14 B) 42 C) 12.67 D) ...

Started by jake