Which statement is false?
A. The federal government collects more in Social Security taxes than in personal income tax.
B. The federal government collects more in Social Security taxes than in corporate income tax.
C. The federal government collects more in personal income tax than in corporate income tax.
D. None of these statements are false.
A. The federal government collects more in Social Security taxes than in personal income tax.
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If the penalty on sellers of an illegal good is less than the penalty on buyers of an illegal good, then supply of the good will ________ by ________ demand and the price of the good will ________
A) increase; more than; increase B) decrease; more than; decrease C) decrease; less than; decrease D) decrease; the same amount as; remain the same
Explain two ways by which the Federal Reserve System can increase the monetary base. Why is the effect of Federal Reserve actions on bank reserves less exact than the effect on the monetary base?
What will be an ideal response?
Why specialize?
A) because assigning each worker a variety of tasks makes her more productive B) It usually increases productivity. C) to decrease our dependence on each other D) There is no economic rationale for specialization.
With regard to GDP, residential property taxes are an example of ____ taxes
a. variable b. sales c. fixed d. disposable