The way in which most persons pay their personal income tax is in the form of
A. quarterly payments throughout the year.
B. annual payment by April 15.
C. monthly payments as part of mortgage payments.
D. payroll withholding during the year.
Answer: D
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When the IMF requires a country to implement policy changes in order to receive a loan
A) it is called IMF conditionality. B) most countries reject the loans. C) it means that the IMF will lower that country's quota. D) the IMF must be using one of its financing facilities.
When the price of a good changes, the income effect can be found by comparing the equilibrium quantities purchased
A) on the old budget line and the new budget line. B) on the original indifference curve when faced with the original prices and when faced with the new prices. C) on the new budget line and a hypothetical budget line that is a shift back to the original indifference curve parallel to the new budget line. D) on the new indifference curve.