The federal government receives most of its revenues from
A. personal income taxes.
B. property taxes.
C. corporate taxes.
D. excise taxes.
Answer: A
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In the consumption function C = a + c(Y - T), "autonomous consumption" appears as
A) a. B) c. C) cY. D) -cT. E) c(Y - T).
A(n) _______________ good is one in which as income rises or falls, there is no change in the demand for the good
A) normal B) inferior C) neutral D) substitute E) complementary
In the simple circular flow model, total income in one nation must equal
A. the sum of wages, rents, interest and profits. B. the yearly amount earned by that nation's resources. C. the total monetary value of all final goods and services. D. All of these are correct.
Use the graph to the right to help determine which of the following statements regarding the labor force participation rates of adult men and women since 1950 is false.
What will be an ideal response?