Which of the following statements best answers the question of how burdensome overall taxation is in the United States?
A. An excise tax is a sales tax on a particular good or service.
B. The largest source of revenue for the federal government is individual income taxes.
C. Countries that tax more heavily are expected to provide more public services.
D. By international standards, U.S. citizens are among the most lightly taxed people in the industrialized world.
Answer: D
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In an effort to stabilize the banking sector and keep banks lending, from October 2008 to September 2009, the Fed ________.
A. raised the amount of interest paid on reserves held at Fed banks B. raised reserve requirements C. declared a series of bank holidays to give banks a chance to recover from excessive withdrawals from customer accounts D. lowered the federal funds target rate
You turn to the bond market page of a newspaper and look under the column headed "Close" and see that it says, "49 1/2" this indicates that
A. the closing price for the bond on this particular day is $495. B. the closing price for the bond on this particular day is $49.50. C. the closing price for the bond was $49.50 higher than on the previous trading day. D. the bond will mature on June 30, 2049.
Consider the above figure. The curve shown is sometimes referred to as
A) the Laffer curve. B) the Ricardian curve. C) the Keynesian curve. D) the Phillips curve.
A person is considered unemployed if she is
a. working at a part-time job. b. taking a vacation from a job. c. working at a full-time job in a foreign country. d. not working but is actively looking for work.