« previous next »

Author Question: Which of the following changes in taxes would lead to the smallest increase in consumption? a. a ... (Read 40 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
on: Jun 30, 2018
Which of the following changes in taxes would lead to the smallest increase in consumption?
 a. a 20,000 decrease in taxes, if MPC equals 0.5
  b. a 12,000 decrease in taxes, if MPC equals 0.75
  c. a 15,000 decrease in taxes, if MPC equals 0.6
  d. a 30,000 decrease in taxes, if MPC equals 0.25

Question 2

The reduction in the U.S. government deficit in the early 1990s was the result of strong economic growth.
 a. True
  b. False
  Indicate whether the statement is true or false


Bsand8

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Smallest chameleon in the World Smallest chameleon in the World
Smallest Dog in the world Smallest Dog in the world
The Head Start program was designed to increase the school readiness of low-income children. The Head Start program was designed to increase the school readiness of low-income children.
Feelings of competence, independence, and relatedness lead to a sense of overall well-being in any ... Feelings of competence, independence, and relatedness lead to a sense of overall well-being in any ...
Many diesel fuel additives increase the cetane rating which results in improved fuel economy. Many diesel fuel additives increase the cetane rating which results in improved fuel economy.
Keeping your feelings to yourself may increase your stress level Keeping your feelings to yourself may increase your stress level
Video: Spinal Cord Injury Animation

For a complete list of videos, visit our video library