The federal government relies most heavily on which source of revenue?
a. individual income taxes
b. corporate income taxes
c. social insurance payroll taxes
d. excise taxes
a
You might also like to view...
If a change in government spending causes "crowding in" in an open economy, which of the following might increase in addition to consumption and investment?
A) unemployment B) net exports C) supply and demand D) stock of capital
Points outside the production possibilities frontier represent
a. unemployment of resources b. inefficient use of resources c. combinations that are attainable only if all resources are used fully and efficiently d. currently unattainable combinations of outputs e. the only currently attainable combinations from which society must choose
If the Fed decides to engage in an open market operation to increase the money supply, what will it do?
a. Sell Treasury bonds, bills, or notes on the bond market. b. Buy Treasury bonds, bills, or notes on the bond market. c. Increase the required reserve ratio. d. Increase the fed funds rate.
Demand is a schedule of
A) how much of a good a person wants.
B) how much of a good people will purchase at each different possible price.
C) how much of a good people will purchase at each income level.
D) each possible price and the amount people will buy when their incomes change.