Most state governments finance their budgets through ____, and most local governments finance their budgets through ____.
A. income taxes; property taxes
B. property taxes; sales taxes
C. sales taxes; property taxes
D. income taxes; sales taxes
Answer: C
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Which of the following statements is most accurate?
a. Most economic historians believe that the policies of the federal government were an important cause of the Great Depression. b. Most economic historians believe rapid increase in inequality caused the Great Depression. c. The US experienced a relative absence of cyclical unemployment and was relatively free from the mass joblessness that had previously plagued the nation. d. More homogenous communities chose to have higher taxes to fund schools.
Which of the following portions of the national debt impose a net interest burden on the federal government?
a. treasury bonds held by government agencies b. treasury bonds held by private investors c. treasury bonds held by the Federal Reserve system d. treasury bonds held in the Social Security Trust Fund
Of the methods commonly employed to measure poverty and inequality, which offers the most widely used, but also the most misleading, statistic?
a. purchasing power parity b. poverty level c. average income d. cost of living
The Federal Reserve System of the U.S. is the country's:
Financial adviser Deposit insurance provider Central bank Comptroller or Accountant