The 1964 tax reform was designed to _____
a. simplify the tax structure
b. remove the bias towards consumption in the tax code
c. cut marginal tax rates in order to increase aggregate demand
d. cut average tax rates in order to decrease aggregate demand
c
Economics
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John's utility of wealth curve is shown in the above figure. He currently has wealth of $20,000. If there is a 10 percent chance of losing all his wealth, what is the value of insurance against this loss?
A) $0 B) $2,000 C) $3,000 D) $17,000
Economics
During the last four decades, defense expenditures have
a. accounted for approximately one-half of federal expenditures. b. accounted for less than 10 percent of federal expenditures. c. been increasing as a share of federal expenditures. d. been declining as a share of federal expenditures.
Economics