Which of the following is the largest source of revenue for the federal government?
a. corporate income tax
b. payroll tax
c. personal income tax
d. user charges
C
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In the prisoners' dilemma game, each player has only one possible strategy
Indicate whether the statement is true or false
A large and growing current account deficit can be an indicator of a potential crisis
Indicate whether the statement is true or false
In the Cournot duopoly model, each of the two firms, in determining its profit-maximizing price-output level, assumes that the other firm's ____ will not change
a. price b. output c. marketing strategy d. inventory e. none of the above
Suppose the price of crude oil used to produce gasoline rises significantly. At the same time, consumers purchase electric cars in great numbers. In the market for gasoline, the market clearing price ________ and the equilibrium quantity ________.
A. is indeterminate, definitely falls B. definitely falls, definitely rises C. definitely rises, is indeterminate D. definitely falls, is indeterminate