In 2011, the top 1 percent of all taxpayers in the United States paid what percent of the federal income tax?
A. 20 percent
B. 23.4 percent
C. 35 percent
D. 29 percent
Answer: D
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Porter's "Five Forces Model" is based on
A) the laws of supply and demand. B) the law of diminishing returns. C) the Structure-Conduct-Performance model. D) the key factors affecting demand.
Gross domestic product (GDP) does not include:
a. used goods sold in the current time period. b. foreign produced goods. c. intermediate as well as final goods. d. None of these would be included.
A political problem with discretionary fiscal policy is the
A. ability of powerful politicians to direct government spending to their favored causes. B. business cycle. C. Federal Reserve. D. split control of the legislative and judicial branches of government.
If the Fed reduces the money supply to reduce inflation, a floating exchange rate will aid the Fed in fighting inflation because
A. as the money supply is decreased, the interest rate will increase, and the price of U.S. exports will fall and the price of U.S. imports will rise. B. as the money supply is decreased, the interest rate will increase, and the price of U.S. exports will rise and the price of U.S. imports will fall. C. as the money supply is decreased, the interest rate will increase, and the price of U.S. exports and U.S. imports will fall. D. as the money supply is decreased, the interest rate will increase, and the price of both U.S. exports and U.S. imports will rise.