Everything else held constant, abolishing the individual income tax will
A) increase the interest rate on corporate bonds.
B) reduce the interest rate on municipal bonds.
C) increase the interest rate on municipal bonds.
D) increase the interest rate on Treasury bonds.
C
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Which of the following is NOT a wage or employment strategy that a union would follow?
A) Set a maximum wage rate such that a shortage of workers will result. B) Set a wage rate such that all workers that want to find a job can find a job. C) Set a wage rate that will maximize the income of its members. D) Set a wage rate that will maximize the income of only some of its members.
If a firm is able to influence its price,
A) it is a monopoly. B) it has constant marginal revenue. C) it sells its output at a constant price. D) it faces a downward-sloping demand curve.