Category: Economics

The government’s tax revenue function (in billions of dollars) is R=100t-125t2 where 0≤t≤1.
Calculate the tax revenue-maximizing tax rate t and show your work. Calculate R at 2 for #5.

Savings provided by -in small dollar amounts is the origin of much of the money that funds business loans in an economy.
households
the U.S. government
small busineshes
none of the above

Money lent to small businesses through the Small Business Investment Company (SBIC) Program are done through
private investment companies
venture capitalists
peer-to-peer lenders
commercial banks

In most markets, competition fosters
full employment
shortage of product
innovation
higher prices

Food stamps, child tax credits, Social Security, Medicare, Medicaid, and Unemployment are all payments made to (or for) an individual. What are these mandatory budget expenses referred to as?

If the price of cheese used to make macaroni and cheese _____, then the supply of macaroni and cheese will _____.
increases; not change
increases; increase
decreases; decrease
increases; decrease