In 2005, the median income of renters was $26,317 and the median income of homeowners was $50,505. If imputed rent were added to household income or rent became deductible, the personal income tax would become

Under a fixed exchange rate system, to prevent the depreciation of the dollar as a result of a balance of payments deficit, the Fed will increase the demand for dollars by supplying a foreign currency from its reserve assets

Indicate whether the statement is true or false

If the supply of labor to a monopsonist is everywhere unit elastic, then the wage will equal

A) the marginal expenditure. B) one-half of the marginal expenditure. C) the marginal revenue product of labor. D) one.