In 2009, the top 1% of all income earners paid _________ percent of federal taxes.

The subgame-perfect equilibrium of a two-stage game in which firms first choose capacities and then engage in a Bertrand price setting game resembles the equilibrium in:

a. the competitive model. b. the Cournot model. c. the cartel model. d. the price leadership model.

Infrastructure projects result in the most value from a fiscal stimulus but a problem is that

a. there are technological issues that need to be solved. b. they are too complex to implement. c. most such projects are "prestige" projects, with little tangible value. d. most such projects do not increase productivity long into the future. e. most such projects are not "shovel ready" when the stimulus is needed.