Since 1970, federal expenditures by regulatory agencies have
A) remained constant.
B) decreased slightly.
C) increased dramatically.
D) increased slightly.
C
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The personal distribution of income shows
A) that labor receives the largest percentage of total income. B) how profit accounts for the largest fraction of total income. C) that the richest 20 percent of households receive 23 percent of total income. D) that interest accounts for most of the income of the richest 20 percent of households. E) that the poorest 20 percent of households receive less than 4 percent of total income.
Which of the following policy measures authorized investors to bring lawsuits against credit-rating agencies for a reckless failure to get the facts when providing a credit rating?
A) the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 B) Sarbanes-Oxley Act of 2002 C) Global Legal Settlement of 2002 D) Gramm-Leach-Bliley Act of 1999 E) Riegle-Neal Act of 1994
Generally, marginal costs ____ as quantity increases?
A) rise. B) fall. C) remain constant. D) equal marginal benefits. E) equal total costs.
The best example of a direct tax is a(n)
a. excise tax. b. liquor tax. c. sales tax. d. income tax.