Which is true?
A. The federal personal income tax is a progressive tax.
B. More than 75 percent of all taxpayers pay more in payroll taxes than personal income taxes.
C. The most important source of federal tax revenue is the personal income tax.
D. All the choices.
D. All the choices.
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When equilibrium is present in the foreign exchange market, which of the following will tend to be in balance?
a. the value of goods exported and the value of goods imported b. real and nominal interest rates c. imports plus capital outflow and exports plus capital inflow d. tax revenues and government expenditures
The American Recovery and Reinvestment Act cost an estimated how much?
a. $631 million b. $731 million c. $831 million d. $931 million
Suppose the production function for coffee (C) is C = min(B,W), where B = beans in pounds and W = water in gallons. Suppose the price of water is $.10 per gallon and the price of beans is $10 per pound. The expansion path
a. depends on the price of beans only. b. depends on the price of water only c. depends on the price of neither beans nor water. d. depends of the costs of both beans and water.
Research suggests that about ______ percent of people living under the poverty line in any given year are chronically poor.
A. 3 B. 8 C. 13 D. 38