Personal income and Social Security payroll taxes are currently the largest sources of government revenue.
A. True
B. False
C. Uncertain
A. True
You might also like to view...
Jim is haggling with a car dealer on the price of a used car. During the bargaining, the storekeeper discovers that the car's stereo is better than he or Jim originally realized. If Jim is a huge music fan, the total surplus available from the sale
a. Increases b. Decreases c. Is not affected d. All of the above
If the interest rate is positive, the present value of $10 to be received in the future is
a. less than $10. b. equal to $10. c. more than $10. d. Any of the above is possible, depending on the interest rate and when the payment is to be received.
A rational consumer maximizes his or her:
A. wealth. B. total utility. C. marginal utility. D. profit.
Consider the monopoly in the figure below with price regulated at $20 per unit. Consumer surplus at the regulated price is: 
A. $500. B. $2,300. C. $3,920. D. There is insufficient information to determine consumer surplus.