The second largest component of the federal government revenues is receipts from ________
A) corporate income tax
B) excise tax
C) social insurance tax
D) value-added tax
C
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Use the following diagram to answer the next question.
Which of the following statements about this market is correct?
A. Employers would benefit from a higher wage since they could profitably attract more workers. B. At a wage rate less than $5, more than 500 workers would be employed. C. At a wage rate of $5, the number of workers employed is maximized. D. At a wage rate greater than $5, more than 500 workers would be employed.
If the slope of the aggregate expenditure curve is 0.75, the expenditure multiplier is equal to
A) 1.33. B) 4.00. C) 0.75. D) 0.25. E) 5.00.
Which of the following would be considered a resource cost of inflation?
a. A cost of living adjustment b. Loss of purchasing power c. Additional trips to the bank d. Adjusting nominal interest rate to get real rates e. Creeping inflation
When someone borrows to purchase capital goods, he is using someone else's _____ to fund his _____
Fill in the blank(s) with correct word