Based on TJCA, the value of personal exemptions:
A. is $0.00
B. is $2400.00
C. varies with taxpayer's marginal tax rates
D. is the same as the standard deduction
Answer: A. is $0.00
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Suppose that the total labor force is 100 individuals with 10 unemployed. The unemployment rate is ________. Now assume that 10 people drop out of the labor force and that 10 remain unemployed. The new unemployment rate is ________
A) 9 percent; 10 percent B) 10 percent; 9 percent C) 10 percent; 11 percent D) 11 percent; 10 percent
Competition between the United States and Mexico is
A) equivalent to the competition between two giant corporations. B) a struggle over which country will get the best jobs. C) unfair if wages in Mexico are lower than in the United States. D) a struggle over which country will keep the most advanced technology. E) not a meaningful way to analyze trade.