The largest source of federal revenue is the corporate income tax.
Answer the following statement true (T) or false (F)
False
The largest source of federal revenue is the individual income tax.
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A country seeking to maintain internal balance would be concerned
A) only with attaining low levels of unemployment. B) primarily with ensuring that saving is weighted more towards domestic investment than the current account. C) with large fluctuations in output or prices. D) with maintaining an adequate stock of gold reserves. E) with stabilizing employment levels globally.
If a country that fixes its exchange rate has an undervalued exchange rate, then it will ________ reserves, unless it ________ its money supply to the appropriate level
A) gain; increases B) lose; increases C) lose; decreases D) gain; decreases
The cost disease of the service sector in recent years is the result of
a. market failure. b. government intervention. c. collective bargaining by unions. d. uneven productivity growth.
Economists recognize that because people have limited resources:
A. they will never be happy. B. our future is bleak. C. they have to make trade-offs. D. government intervention is necessary.