Under a _____ structure, the marginal income tax rate rises and the average tax rate decreases as personal income falls

Mr. Frank, a foreman supervisor some 43 employees, was asked by his secretary to sign a form requesting additional supplies needed on the factory floor. He was not careless when he examined the form, but his secretary had cleverly arranged the signature line so that instead of signing a request form for supplies he signed a cheque payable to his secretary. What plea, if any, would be used to defend against her action on the cheque?

a. Mistake b. Illegality of object c. Rescission d. Non est factum e. Rectification

If there is an increase in the expected future U.S. exchange rate, there is

A) an upward movement along the demand curve for dollars. B) a downward movement along the demand curve for dollars. C) a leftward shift of the demand curve for dollars. D) a rightward shift of the demand curve for dollars.