The tax that brings in the most revenue in the United States is the
A) capital gains tax.
B) corporate income tax.
C) Social Security tax.
D) personal income tax.
Answer: D
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What will be an ideal response?
The American Revolution, the Civil War (1861–65) and World War I (1914–18)
(a) diverted U.S. resources from peace-time, private uses and toward war-related uses. (b) encouraged the efficient allocation of resources. (c) increased long-term investment opportunities. (d) resulted in the excessive contraction of money to finance war efforts.
Which of the following is not a characteristic of a monopolistically competitive market?
A. Firms hold patents on their products. B. The products that firms sell are slightly different. C. Firms have some control over price. D. There are no artificial barriers to entry.
Estimates are that tradable goods in the U.S. account for approximately what share of GDP in the U.S.?
A) 10% B) 16% C) 25% D) none of the above