Studies of 18th century colonial demographics indicate that
a. the population growth rate of blacks was similar to that of whites.
b. migration was the main reason for the growth in the black population.
c. the death rate of blacks were much higher than the death rate of whites.
d. the birthrate of blacks was much lower than the birthrate of whites.
a. the population growth rate of blacks was similar to that of whites.
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Of the following, the largest source of tax revenue collected by state and local governments comes from
A) individual income taxes. B) lottery revenues. C) corporate income taxes. D) death taxes. E) sales taxes.
Which of the following assumptions is found in Friedman's model but not in the new classical model?
A) Supply of labor depends on expected real wage. B) Workers gradually adapt their expectations of the price level to the actual price level. C) imperfect information D) market-clearing labor market
Fiscal policy can encourage Research & Development using either direct spending or tax policy to encourage _______ economic growth.
a. immediate b. historical c. long-term d. short-term
Who would receive payments from the government under a negative income tax system?
a. everyone b. only people with no earnings c. only people with incomes below a certain level d. only people with incomes above a certain level