Compared to 1980, the top marginal federal income tax rate today is
a. substantially lower and the rate structure is less progressive than in 1980.
b. substantially lower and the rate structure is more progressive than in 1980.
c. substantially higher and the rate structure is less progressive than in 1980.
d. substantially higher and the rate structure is more progressive than in 1980.
A
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The price-taker firm should discontinue production immediately if:
a. the market price exceeds the firm's average total costs. b. the market price is less than the firm's average variable costs. c. the market price is less than the firm's average total costs, but greater than its average variable cost. d. its accounting statement indicates that it is suffering losses.
The lack of investment in developing countries is at least in part attributable to:
A. high levels of foreign aid. B. low levels of domestic savings. C. inappropriate education. D. overpopulation.