Local governments usually rely on the ________ tax to fund schools, libraries, and public services such as police and fire protection
A) payroll
B) excise
C) value-added
D) property
D
You might also like to view...
The various antitrust laws are written in very specific terms. Thus, there is little or no question as to when a firm has run afoul of one or more of these laws
Indicate whether the statement is true or false
If exchange rates are floating, a contractionary monetary policy in the United States will cause the dollar to ________ relative to other currencies and cause net capital outflows to ________
A) appreciate; increase B) appreciate; decrease C) depreciate; increase D) depreciate; decrease
When there is an excess of expected net income over the cost of capital
A) abnormal net income is positive. B) accounting profits are negative. C) abnormal net income is negative. D) economic profits minus abnormal net income is negative.
What does macroeconomic theory predict as the main economic effect of a reduction in the budget deficit?
A. Lower real interest rates B. A drop in the exchange rate C. An increase in net exports D. All of these responses are correct.