Payroll taxes are a major financing tool at the federal level.
A. True
B. False
C. Uncertain
A. True
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The cost of hiring one more worker, ceteris paribus, is known as
A) marginal revenue product. B) marginal physical product. C) marginal factor cost. D) marginal wage.
Gross Domestic Product is the market value of
a. all exchanges made during the course of a year b. all final goods produced during the course of a year c. all monetary transactions during the course of a year d. all the goods produced during the course of a year over and above what is required to maintain the population and the stock of capital e. all final goods sold during the course of a year
State and local sales taxes are typically progressive
a. True b. False Indicate whether the statement is true or false
Which of the following is an important factor in exchange rate movements in the very short run?
a. Changes in relative GDPs. b. Changes in relative tastes for foreign goods. c. Changes in relative interest rates. d. Changes in inflation. e. None of the above.