Which of the following is NOT an important source of revenue for the federal government?
A. property taxes
B. individual income taxes
C. corporate income taxes
D. social insurance taxes and contributions
Answer: A
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Most markets in the United States:
A. are monopolies. B. have some degree of competitiveness, but are not perfectly competitive. C. are perfectly competitive. D. have very few competitive features and so are regulated by the government.
Tina Eckstrom and her husband bought a deferred annuity in 1954 that started paying them $700 a month in retirement benefits in 1994 . During the 40 years period, the price level rose 3.2 percent per year. Since 1994, the price level has risen 3.0 percent per year. They, along with millions of other people who live on fixed incomes, are examples of
a. those who are responsible for inflation b. people who gain from inflation c. people who lose from inflation d. the paradox of thrift e. underemployed persons
The demand for loanable funds comes from saving and the supply of loanable funds comes from investment
a. True b. False Indicate whether the statement is true or false
The manager of Greene Enterprises, Inc., recently estimated its average variable cost (AVC) function to beAVC = 88 - 0.026Q + 0.000003Q2Greene Enterprises faces total fixed costs (TFC) of $300,000. When Greene Enterprises produces 6,000 units, average variable cost (AVC) is ________.
A. $72.46 B. $55 C. $60 D. $49.62 E. $40