Today the federal government collects nearly

A. $4 trillion a year in tax revenues.
B. $500 billion a year in tax revenues.
C. $1 billion a year in tax revenues.
D. $1 trillion a year in tax revenues.


Answer: A

Economics

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The ________ tax is similar to the sales tax

A) payroll B) value-added C) wealth D) excise

Economics

The practice of tenure at American universities is quite common

When a junior professor is approved for tenure he or she is promoted to associate or full professor and enjoys for all intents and purposes lifetime employment and protection against firing in the event that he or she's views are at odds with the university administration. While this policy has been in place for many decades across the country why is it that universities are hesitant to grant and do so only after careful evaluation of the candidate's work even though the salary they may have to contract is lower than what one might receive in the private sector.

Economics

Which of the following is an example of a service?

A) medical care B) dental care C) a psychology lecture D) a television set E) a, b and c

Economics

One way the government can boost the economy out of a recession is:

A. with public announcements telling the public to save their money. B. by increasing government spending. C. by setting price ceilings on most goods so people can afford them. D. None of these will help an economy in recession.

Economics