The issuer of a bond is a lender
Indicate whether the statement is true or false
False
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Which of the following is not a significant source of revenue for the U.S. federal government?
A. Personal income taxes B. Corporate income taxes C. Payroll taxes D. Property taxes
The graph illustrates the supply of sweaters. A fall in the price of sweaters brings
A) a decrease in the quantity supplied of sweaters. B) a movement along the supply curve. C) a shift of the supply curve. D) Both answers A and B are correct. E) Both answers B and C are correct.
Which economist(s) argued that high tax rates produce less tax revenues and limit the expansion of real GDP and employment?
a. Robert Lucas and Thomas Sargent b. A. W. Phillips c. Robert Barro d. Paul Samuelson e. Arthur LafferF
Market failure means that
A. the law of supply and demand has stopped functioning. B. resources are not allocated efficiently. C. the stock market has crashed. D. prices are no longer reliable indicators of how much things cost.