Which of the following statements is true?
A. U.S. residents pay a higher percent of their income in taxes than the people in the provinces of Canada.
B. The top marginal tax rate today is about half of the top marginal tax rate in 1960.
C. Today the overall tax burden is about the same as what it was in 1929.
D. Education in the U.S. is paid for exclusively by local taxes.
B. The top marginal tax rate today is about half of the top marginal tax rate in 1960.
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Refer to Table 4-5. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one of the tickets is $36
A) Walter will receive $4 of consumer surplus from buying one ticket. B) Violet and Walter receive a total of $52 of consumer surplus from buying one ticket each. No one else will buy a ticket. C) Violet and Walter will each buy two tickets. D) Xavier, Yolanda, and Zachary will receive a total of $68 of consumer surplus since they will buy no tickets.
International economic crises are relatively rare events
Indicate whether the statement is true or false