The federal government gets _____ of its tax revenue from direct taxes.
A. all
B. nearly all
C. about half
D. less than half
B. nearly all
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The appearance of "classical American capitalism" in the middle and late 19th century includes all of the following except
(a) An industrial labor force concentrated in manufacturing centers (b) The commercialization of agriculture and extractive industries (c) The rise of big-time finance and giant transportation systems (d) The strengthening of small scale family farm enterprises and hand-crafted production activities
The interest rate you typically earn on a deposit at a bank:
A. represents the price of your loan. B. represents the risk of investing. C. is the opportunity cost to you of lending money. D. is the opportunity cost to a bank of lending money.
An increase in taxes will cause the consumption schedule to
a. shift upward. b. shift downward. c. remain fixed as the economy moves upward along the schedule. d. remain fixed as the economy moves downward along the schedule.
The GDP price index measures changes in the ________.
A. cost of resources employed in the nation B. amount of resources available in the nation C. prices of the output produced in the nation D. value of final output produced in the nation