In 2011, the U.S. federal government collected approximately how much in total tax receipts?
a. $800 million
b. $2.5 billion
c. $5.2 billion
d. $8.7 billion
b
You might also like to view...
The federal funds rate is the interest rate that ________ charge(s) ________.
A. banks; their best corporate customers B. the Fed; commercial banks C. banks; on federal student loans D. banks; other banks
The New Keynesian transmission mechanism for monetary policy is characterized by
A) helicopter drops of money. B) money having an impact on the real interest rate. C) banks using money injections for business loans. D) the government buying goods with fresh money.
For years, your neighbor insisted she had no desire to own a computer. Recently, however, she purchased one and says she did so because all her relatives have computers and she wants to exchange e-mail with them. Your neighbor's behavior is an example of
A) a switching cost. B) the impact of negative market feedback. C) limited-pricing behavior. D) a network effect.
How have the recent increases in the price of gasoline affected the market for hybrid cars?
A. The demand has increased, increasing the equilibrium price and quantity of hybrid cars. B. The supply has increased, decreasing the equilibrium price and increasing the equilibrium quantity of hybrid cars. C. The demand has increased, decreasing the equilibrium price and increasing the equilibrium quantity of hybrid cars. D. The demand and supply of hybrid cars have both increased in response to changing gas prices, so the equilibrium quantity has definitely decreased, but the effect on price cannot be determined without more information.