In 2011, approximately what percentage of the U.S. federal government's receipts came from individual income taxes?
a. 9%
b. 15%
c. 43%
d. 67%
c
You might also like to view...
________ is defined as any attempt to capture consumer surplus, producer surplus or economic profit
A) Search B) Rent seeking C) Maximizing monopoly profits D) Price discrimination
In the long run,
a. the government's tax policies do not affect the rate of investment spending. b. lower tax rates will have no effect on the average standard of living. c. lower tax rates will lead to faster growth in the average standard of living. d. higher tax rates will lead to slower growth in the average standard of living. e. the debt and the deficit will converge to zero.
When a firm operates with excess capacity, it must be in a monopolistically competitive market
a. True b. False Indicate whether the statement is true or false
Which of the following would not give workers some degree of monopoly power?
a) learning by doing b) labor unions c) highly specialized human capital d) high rates of short term unemployment e) high costs of job turnover and training incurred by employers