If national debt is owned by domestic citizens, future interest payments just transfer funds from one group of Americans to another.
Answer the following statement true (T) or false (F)
True
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The FDIC insures deposits in: a. all the commercial banks across the U.S
b. Federal Reserve member banks only. c. any banking institution that sells FDIC insurance. d. any banking institution that purchases FDIC insurance. e. any bank approved by the Fed.
The sales tax is a regressive tax because the:
A. percentage of income paid as taxes falls as income rises. B. administrative costs associated with the collection of the tax are relatively high. C. percentage of income paid as taxes is constant as income rises. D. tax tends to reduce the total volume of consumption expenditures.
Why do financial markets depend on accurate accounting and disclosure practices?
What will be an ideal response?
Marginal cost equals (i) change in total cost divided by change in quantity produced. (ii) change in variable cost divided by change in quantity produced. (iii) the average fixed cost of the current unit
a. (i) and (ii) only b. (ii) and (iii) only c. (i) only d. (i), (ii), and (iii)