A proposed increase in the federal income tax rates may actually be viewed favorably by many mayors of cities because:
A. it will allow them to also raise their tax rates.
B. it will cause the price of municipal bonds to increase and their yields to decrease.
C. people will pay less attention to local taxes.
D. it will cause the demand for municipal bonds to increase and their yields to increase.
Answer: B
Economics
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The change in cost that results from a one-unit increase in output is called the
A) average fixed cost. B) per-unit variable cost. C) per-unit total cost. D) marginal cost. E) average cost change.
Economics
Refer to Figure 2-5. If the economy is currently producing at point X, what is the opportunity cost of moving to point Y?
A) 14 million tons of steel B) 5 million tons of steel C) 5 million tons of paper D) 9 million tons of paper
Economics