The main revenue sources for state and local governments are corporate income taxes
a. True
b. False
Indicate whether the statement is true or false
False
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According to this Application, tariffs in the United States are very high on textiles, apparel items and footwear. These tariffs disproportionately impact lower-income households because
A) these products represent a higher fraction of consumption of lower-income households than higher-income households. B) the tariffs are only applicable to lower-income households. C) higher-income households tend to purchase products produced in the United States, which are not subject to tariffs. D) lower-income households tend to purchase more of these items than do higher-income households.
Ceteris paribus, if the U.S. dollar depreciated in relation to the Canadian dollar, which of the following would be true? a. U.S. goods would become less expensive to Canadian consumers
b. Canadian goods would become more expensive to Canadian consumers. c. U.S. goods would become less expensive to European consumers. d. all of the above
Which of the following is true about the Bitcoin:
a. New Bitcoins are created by private, non-Bitcoin affiliated individuals (i.e., not Bitcoin employees) called miners, who solve computer algorithms to earn the newly created Bitcoins. b. New Bitcoins are created by the Bank of Bitcoin (BoB), which is (for all intents and purposes) the central bank in charge of Bitcoin's supply. c. New Bitcoins are created by Bitcoin Inc., which is a company, like Facebook or Microsoft, thathas developed this virtual currency. d. Bitcoin transactions are cleared through clearing houses, such as Mt. Gox. e. Bitcoin has a fixed exchange rate relative to the U.S. dollar and other currencies.
When economic structuralists witness powerful countries attempting to take control of natural resources in weaker countries, they see this as a
a. normative collaboration. b. triumph of hegemony. c. tragedy of the commons. d. new colonialism