Compared to other countries, the U.S. federal government relies
a. more heavily on direct taxes than do governments of other countries.
b. less heavily on direct taxes than do governments of other countries.
c. more heavily on indirect taxes than do governments of other countries.
d. on direct taxes about as heavily as do governments of other countries.
a
You might also like to view...
The International Maritime Bureau said the waters off Somalia are the world's most dangerous, accounting for nearly a third reported pirate attacks worldwide. Suppose all boats are insured to $100,000 and pay a premium of $10,000 each
Suppose 10 out of 100 boats are attacked by pirates and these 10 file claims with their insurance. If the insurance company's only costs are the claims it must pay, has the insurance company earned an economic profit? A) Yes, they earned an economic profit of $90,000. B) No, they broke even. C) No, they sustained an economic loss of $90,000. D) Yes, they earned an economic profit of $1,000,000.
Refer to Table 10-6. If Jay can eat all the burgers he wants for free, how many burgers will he consume?
A) 7 burgers B) 6 burgers C) 5 burgers D) 3 burgers
Other things equal, an adverse supply shock would
a. Shift SRAS left b. Shift LRAS left c. Shift AD left d. Do all of the above
Explain how the free-market mechanism adjusts prices so that resource allocation is economically efficient.
What will be an ideal response?