Which of the following taxes contributed the greatest percentage of total federal government tax revenues in recent years?
a. Individual income taxes
b. Excise taxes
c. Corporate income taxes
d. Social Security taxes
a
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If people expect the future exchange rate for dollars will be lower, then in the foreign exchange market the current
A) quantity demanded of dollars decreases. B) demand for dollars decreases. C) quantity demanded of dollars increases. D) demand for dollars increases. E) supply of dollars decreases.
According to the intertemporal substitution effect, a higher price level
A) decreases the quantity of real GDP demanded. B) lowers the costs of building new plants and equipment. C) increases the quantity of real GDP demanded. D) makes it less costly for people to buy houses and cars.
The most recent economic expansion started in
a. 2005 b. 2003 c. 2005 d. 2007 e. 1998
Total profit
A. is the rectangle bounded by EFIJ.
B. is the rectangle bounded by FGHI.
C. is the rectangle bounded by GHMO.
D. cannot be found on this graph.