A payroll tax is also referred to as a social insurance tax
a. True
b. False
Indicate whether the statement is true or false
True
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Everything else equal, a depreciation of the dollar will:
A) cause the GDP of the U.S. to fall. B) cause the inflation rate in the U.S. to decrease. C) cause the GDP of the U.S. to increase. D) cause the net exports of the U.S. to decrease.
What best describes state fiscal experience in the late 1920s and early 1930s?
a. Revenues dropped consistently through the period because less was being produced. b. State spending decreased through the period c. The growth in state expenditures exceeded the growth of federal expenditures during the same period. d. States either ran budget surpluses or fairly small deficits.
Which type of statement is most likely to include the word "should"?
A. Positive statement B. Normative statement C. Fair statement D. Factual statement
The demand for a product is the amount that
a. buyers purchase in the market b. buyers are willing to purchase at a given price c. sellers are willing to sell at a particular price d. buyers are willing and able to purchase at alternative prices e. buyers are able to purchase at a specific price