Which of the following forms of taxation accounts for the largest share of taxes received by state and local governments?
A. personal and corporate income taxes
B. sales, excise, and gross receipts taxes
C. property taxes
D. license and permit fees
Answer: B
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Dairy price supports create permanent, above-normal rates of return to dairy farming
a. True b. False
Which of the following would not lead to a change in the supply of chocolate ice cream?
a. a change in productive capacity b. a change in the price of strawberry ice cream c. a change in the price of milk d. a change in the price of chocolate ice cream e. a change in the expected future price of chocolate ice cream
The unemployment rate is computed by the _____. This agency conducts a survey of _____.
Fill in the blank(s) with the appropriate word(s).
The study of the aggregate economic variables is
A. normative economics. B. microeconomics. C. macroeconomics. D. positive economics.