Comparing total taxes as a percentage of GDP in the United States to Western European countries, such as the France, Norway, and Sweden, 

A. U.S. taxation is smaller.
B. U.S. taxation is about the same.
C. U.S. taxation is slightly larger.
D. U.S. taxation is substantially larger.


Answer: A

Economics

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What will be an ideal response?

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In reality, all economic systems are

A. mixed. B. capitalistic. C. democratic. D. socialistic.

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According to Keynes, the effect on planned real investment spending resulting from the interest-rate impact of a decrease in the money supply

A. impacts the economy by increasing the deficit. B. impacts the economy by reducing the value of the U.S. dollar. C. impacts the economy through the multiplier. D. does not impact the economy.

Economics