A direct tax is on a _____, while an indirect tax is on a _____.
Fill in the blank(s) with the appropriate word(s).
person; thing
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Give a brief overview of how education attainment and elementary and secondary education spending has changed in the United States since 1940
What will be an ideal response?
A reduction in current consumption to pay for the investment in capital intended to increase future production is known as the:
A. consumption effect. B. substitution effect. C. investment trade-off. D. income effect.
During the Great Depression in the 1930s unemployment was so bad that nearly _____ of the labor force was unemployed.
A. 1/2 B. 1/5 C. 1/4 D. 1/3
The value of goods produced in a previous year but sold in the current year is added to the GDP for the current year.
Answer the following statement true (T) or false (F)