Using the fiscal year 2017 estimates, the largest component of state and local revenue is the
A) individual income tax.
B) corporate income tax.
C) revenue from the federal government.
D) sales, excise, and gross receipts taxes.
Answer: D
You might also like to view...
Refer to the table below. Based on their comparative advantage, Martha should specialize in ________ while Julia should specialize in ________. Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. cakes; pies B. neither pies nor cakes; both pies and cakes C. pies; cakes D. both pies and cakes; neither pies nor cakes
Round Things, Inc.'s production process exhibits economies of scale. Currently its long-run average total cost is $1/unit. If Round Things doubles its use of all inputs, its new long-run average total cost will be
A. $1/unit. B. greater than $1/unit but less than $2/unit. C. greater than $2/unit. D. less than $1/unit.
Refer to Figure 11.2. Suppose that Ca = 40, MPC = 0.8, I = 10. What is the value of consumption in equilibrium?
A) 32 B) 80 C) 240 D) 320
Financial intermediaries will be more likely to loan you the savings of other individuals than an individual because
A) they have specialists who research your credit worthiness. B) they have contingency funds to cover loan losses. C) they fund credit agencies to collect loan repayment information. D) All of the above.