Which of the following statements is true?
a. The most important source of revenue to the federal government is personal income taxes.
b. The most important source of revenue to state governments are sales and property taxes.
c. The most important source of revenue to local governments are local property taxes.
d. The taxation burden, measured by taxes as a percentage of GDP, is lighter in the United States than in most other advanced industrial countries.
e. All of these.
e
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Allegiant Air holds a natural monopoly on most of the routes it serves in the United States. Allegiant Air ________ operate on the ________ portion of its demand curve when total revenue is ________
A) will always; elastic; increasing B) will usually; elastic; decreasing C) will never; elastic; increasing D) will always; inelastic; increasing E) will never; inelastic; increasing
If the nation's investment opportunities are highly attractive relative to those available abroad, the nation will tend to
a. experience an outflow of capital and a trade deficit. b. experience an outflow of capital and a trade surplus. c. experience an inflow of capital and a trade deficit. d. experience an inflow of capital and a trade surplus.
For a perfectly competitive firm, the profit-maximizing output level occurs where marginal cost equals price.
Answer the following statement true (T) or false (F)
A stock is part ownership in the company.
Answer the following statement true (T) or false (F)