States receive most of their tax revenues from
A. Property taxes.
B. State income taxes.
C. Sales taxes.
D. User charges.
Answer: C
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Two of the firms involved in the accounting scandals of the early 2000s were
A) WorldCom and Enron. B) Arthur Anderson and NBC. C) DuPont and Lehman Brothers. D) Western Digital and General Motors.
Refer to Table 20-7. Suppose that the data in the table above reflect price levels in the economy. What is the inflation rate between 2015 and 2016?
A) 2.9% B) 3.5% C) 4.6% D) 5% E) 7.5%
If the Japanese buy more Cadillacs, they __________ more yen and __________ more dollars in the foreign exchange market
A) supply; supply B) supply; demand C) demand; supply D) demand; demand
The currency premium in foreign-exchange markets
A) helps to offset anticipated declines in exchange rates. B) helps to offset anticipated increases in exchange rates. C) indicates investors' collective preference for financial instruments denominated in one currency relative to those denominated in another. D) rises as domestic interest rates fall.