Which of the following would contribute to a United States current account surplus?
A. The United States makes a unilateral tariff reduction on imported goods.
B. General Motors pays a dividend to a Swiss stockholder.
C. The United States cuts back on American military personnel stationed in Germany.
D. Russian vodka becomes increasingly popular in the United States.
C. The United States cuts back on American military personnel stationed in Germany.
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Refer to the scenario above. If the income tax rate for the fourth household is higher than the income tax rate for the second household, it can be inferred that the government follows a ________ income tax system
A) progressive B) regressive C) proportional D) value-added
Expenditures on human resources comprise about ¬¬¬¬_____ of federal expenditures
a. half b. one-third c. one-fourth d. two-thirds
In 2003, federal government expenditures as a percentage of GDP were around _____
a. 10 percent b. 20 percent c. 30 percent d. 40 percent
Which of the following are scarce resources?
A. Space in a building B. The time of a manager C. Pharmaceuticals D. all of the above