Suppose you are an impoverished farm laborer living in a rural village in a developing nation. Globalization is likely to _____
a. increase prices for the domestically-produced basic necessities you now purchase
b. decrease consumption of the agricultural goods your income is currently based on
c. bring industrial jobs to your country that pay higher wages than you are currently earning
d. push your government to create new social welfare programs aimed at reducing poverty
Correct Answer: c
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A tax on the privilege of removing such natural resources as coal, oil, timber, and gas from the land is known as ________ tax
A. selective B. general C. property D. severance E. progressive
The size of the federal government significantly decreased during the administration of George W. Bush (2001–2009).
Indicate whether the statement is true or false.
Either the House or the Senate, or both houses at the same time, may introduce legislation. __________ are an exception to this rule.
A. Money-raising bills B. Regulatory bills C. Foreign policy bills D. Bills that delegate power to the executive
Which is a tax expenditure given primarily to college students?
a. American Opportunity Credit b. private student loans c. private scholarships d. research grants