Which of the following is not a government activity that is involved in public finance?
A. Running government-owned enterprises such as hospitals, utilities, and lotteries.
B. Redistributing income through various taxes and income-transfer payments.
C. Providing public goods and services such as national defense and education.
D. Regulating the activities of firms in the financial sector of the economy.
Answer: D
You might also like to view...
From 1997 to 2003, stock prices based on the Standard and Poor's index and the share of investment spending as a component of GDP tended to
A) move in the same direction. B) be unrelated to each other. C) move in opposite directions. D) both remain relatively unchanged.
What is the most probable reason why garbage collectors have higher wages than bookkeepers?
a. Employment discrimination b. A high unionization rate for bookkeepers c. A higher educational requirement for garbage collectors than bookkeepers d. The nonmonetary attractiveness of garbage collection causes fewer people to want to be garbage collectors.
Explain the reasoning behind the inverted-U theory of R&D expenditures
What will be an ideal response?
A ________ income tax means that those with a higher income pay the same percentage of their income in taxes as low-income people.
A. consumption-based B. proportional C. regressive D. progressive