Tax revenues are transferred from
A) state governments to the federal government.
B) local governments to state and federal governments.
C) one state government to other state governments.
D) the federal government to state and local governments.
E) the state and local governments to the federal government.
D
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In 2009, President Obama and Congress stimulated aggregate demand by
a. increasing taxes and government spending. b. decreasing taxes and government spending. c. increasing taxes and decreasing government spending. d. decreasing taxes and increasing government spending.
Economists who contend that oligopolists have a strong incentive to engage in R&D say that:
A. the undistributed profits of oligopolists give them a source of readily available, relatively low-cost funds for financing R&D. B. entry barriers enable oligopolists to sustain the profit it gains from innovation. C. the large size of oligopolists' R&D departments allows them to use very specialized, expensive R&D equipment and employ teams of specialized researchers. D. all of these are true.
The largest category of federal spending is for:
A. health care. B. science, space, and technology. C. pensions and income security. D. national defense.
Which one of the following statements about the United States is true?
A. The United States has experienced inflation every year since 1800. B. Prior to World War II, the United States experienced deflation virtually every year; since World War II, the United States has consistently experienced inflation. C. Prior to World War II, the United States experienced periods of both deflation and inflation. D. Since World War II, the United States has experienced deflation.