Local governments rely most heavily on
a. personal income taxes
b. corporate income taxes
c. estate taxes
d. property taxes
e. excise taxes
D
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Social regulation means that the government dictates the price that a firm must charge and/or the quantity that a firm must supply
a. True b. False Indicate whether the statement is true or false
. People sometimes alter their preferences when a problem is posed or presented in different language. This is known as ______.
a. the endowment effect b. framing c. the gambler’s fallacy d. overconfidence
The stagflation of the 1970s is generally attributed to
a) the Cold War arms race b) the introduction of large-scale computer systems into business c) the opening of US markets to Japanese automobiles d) increases in oil prices e) changing cultural values regarding work and leisure
The demand for foreign currency in the United States is a
A. direct demand based on the demand for U.S. dollars. B. derived demand based on the demand for U.S. products. C. derived demand based on the demand for foreign products. D. direct demand.