If the (average) tax rate falls by 10% and as a result the tax base rises by 20%, then tax revenues will
A.There is not enough information given to answer this question.
B.Rise
C. remain unchanged
D. Decline
If the (average) tax rate falls by 10% and as a result the tax base rises...
Demand rises more than supply rises. Equilibrium price (remains unchanged, falls, or rises) Equilibrium quantity (remains unchanged, falls, or rises) Demand falls more than supply falls. Equilibrium price (remains unchanged, falls, or rises) Equilibrium quantity (remains unchanged, falls, or rises) Back to Assignment Attempts: Average: 1 9. Working wth Numbers and Graphs Q9 Use the following graph to answer the question that follows. You will not be graded on any changes you make to the graph. Hint: Select and drag...
1) The Fed does easy money policy. As a result, the a. interest rate rises and the LM curve shifts left b. interest rate falls and the LM curve shifts left c. interest rate rises and the LM curve shifts right d. interest rate falls and the LM curve shifts right
Song earns $100,00 taxable income as an designer and ted at an average rate of 20 percent (i.e., $20,000 of tax). Answer the question below assuming that Congress increases the income tax rate such that Song’s average tax rate increases from 20 percent to 25 percen 1) What will happen to the government’s tax revenues if Song chooses to spend more time pursuing her other passions besides work in response to the tax rate change and therefore earns only $75,000...
19. If the nominal exchange rate falls 10 percent, the domestic price level rises 4 percent, and the foreign price level rises 6 percent, the real exchange rate will fall: A) Opercent. B 8 percent. C) 10 percent. D) 12 percent.
Options are as follows: R- Rise F-Falls U- Unchanged R or U - Rises or Unchanged F or U - Falls or Unchanged R or F or U - Rises or Falls- or Unchanged A small solid sphere of mass Mo, of radius Ro, and determine the possible effects on the water level L, (R-Rises, F-Falls, U-Unchanged), when that sphere Read it t f uniform density po is placed in a large bowl containing water. It floats and the level...
If the dollar falls by 20% against the euro and rises by 10% against the yen, which of the following values for European and Japanese trade with the United States are consistent with a 10% increase in the effective exchange of the United States? A) Europe: 33%; Japan: 66% B) Europe: 66%; Japan: 33% C) Europe: 50%; Japan: 50% D) None of these values is consistent with this increase. The answer is D, none of the above. But why? I...
14. Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive with respect to average tax rates? Taxpayer Salary Muni-Bond Interest Total Tax Mihwah $ 10,000 $ 10,000 $ 600 Shameika $ 50,000 $ 30,000 ??? 15. Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive with respect to effective tax rates? (Round your final answer to nearest whole...
Please help to answer these question - The main difference between a sales tax and an excise tax is who actually bears the burden of the tax. True False If my price rises by $10 and my quantity falls by 10, my elasticity must be 1 -1 -10 Not enough information If my price increases from $100 to $110 and my quantity falls by 100, my elasticity is 1 -1 -10...
Question 3 10 pts The home country is operating on fixed exchange rates and foreign interest rate temporarily falls. In the short run, foreign return (FR) curve..., money supply..., and the home interest rate.... Choose the correct answer that respectively fills in the blanks. shifts to left, rises, falls remains unchanged, remains unchanged, rises shifts to left, falls, rises remains unchanged, rises, remains unchanged shifts to right, falls, rises remains unchanged, rises, rises shifts to right, rises, rises shifts to...
Consider the impact of a decrease in effective tax rate on capital. The shock is most likely to affect the A. FE line. B. LM curve. C. IS curve. D. AS curve. In the short run, before general equilibrium is restored, the IS curve shifts _____ and causes _____. A. up and to the right; no change in the real interest rate or the price level B. up and to the right; the real interest rate to rise and the...