Of the following countries, which country's government collects the largest amount of tax revenue as a percentage of that country's total income?
a. Denmark
b. United States
c. Canada
d. Greece
a
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Which of the following futures contracts would not have an interest rate component?
A) Treasury bonds B) Treasury notes C) Municipal Bond Index D) Standard and Poor's 500 Stock Index
Which of the following best explains why a monopolist's marginal revenue is less than the sale price? a. To sell more units, a monopolist must increase the price on all units sold
b. As a monopolist expands output, its average total cost declines. c. When a firm has a monopoly, consumers have no choice other than to pay the price set by the monopolist. d. When a monopolist reduces price in order to sell more units, it must lower the price of some units that could otherwise have been sold at a higher price.
When government runs a budget deficit, it makes up the difference by:
A. issuing government bonds. B. paying down outstanding debt. C. increasing public saving. D. increasing transfer payments.
Refer to the above figure. The figure shows the cost structure of a firm producing an information product. Which curve would represent the marginal cost for an information product?
A. Curve 1 B. Curve 2 C. Curve 3 D. none of these