Americans generally pay
a. a lower percentage of their incomes in taxes than citizens of other industrialized countries.
b. a lower percentage of their incomes in taxes than citizens of other industrialized countries, with the exceptions of Sweden and the Netherlands.
c. about the same percentage of their incomes in taxes as citizens of other industrialized countries.
d. a higher percentage of their incomes in taxes than citizens of other industrialized countries.
a
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Corporations are legally owned by their shareholders
Indicate whether the statement is true or false
An index of the weighted exchange value of the U.S. dollar versus the currencies of a broad group of major U.S. trading partners is called the trade-weighted dollar
Indicate whether the statement is true or false
The Herfindahl-Hirschman Index measures
a. concentration in the industry. b. industrial average output. c. economies of scale. d. consumer confidence.
The idea that nominal wages are slow to adjust to changing economic conditions can explain the ________ slope of the short-run aggregate-supply curve.
a) upward b) downward c) horizontal d) vertical