In 2005-2006, the magnitude of the federal budget deficit decreased, because
A. government spending increased precipitously.
B. growth in income increased tax receipts by more than government spending increased.
C. government spending decreased precipitously.
D. income tax rates were significantly increased across the board.
Answer: B
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Early forms of colonial money included
a. wampum. b. tobacco. c. furs and hides. d. musket balls. e. All of the above.
The relative concept of poverty is based on how far a family falls behind the
a. average family income. b. top 20 percent of families. c. minimum in wages. d. any of the above.
The U.S. tax burden is
a. about the same as most European countries. b. higher than most European countries. c. lower than most European countries. d. higher than all European countries.
In the prisoner's dilemma game:
A. a stable outcome is impossible. B. a cooperative strategy can lead to a more beneficial outcome for both players. C. neither player has a dominant strategy. D. a noncooperative strategy will lead to a positive-positive outcome.