How does total taxes as a percentage of GDP in the United States compare to those of Western European countries, such as the United Kingdom, Germany, and Sweden?
a. U.S. taxation is smaller.
b. U.S. taxation is about the same.
c. U.S. taxation is slightly larger.
d. U.S. taxation is substantially larger.
a
You might also like to view...
Consider the demand functions:
A) Qd = 250 - 2P B) Qd = 300 - 3P Which of the demand functions reflects a higher level of consumer incomes? A) A B) B C) A and B reflect the same consumer incomes. D) More information is needed.
Business should take government actions as
A) given. B) something that must be recognized in decision-making. C) a passive factor with little impact. D) enhancing efficiency.
The process of deregulating the airlines was initiated in the late 1970s by
a. Ronald Reagan b. George Bush c. Jimmy Carter d. Paul Volcker e. Lyndon Johnson
A program of protection that results in preserving jobs in certain industries
a. raises average productivity in all sectors of the economy. b. does so at very high cost to consumers of the products from those industries. c. is an efficient way to preserve employment, and is cheaper than other forms of maintaining full employment. d. is an effective way of encouraging innovation and improvement in production.