Using the fiscal year 2014 estimates, the largest component of state and local revenue is the
A) individual income tax.
B) corporate income tax.
C) revenue from the federal government.
D) sales, excise, and gross receipts taxes.
D
You might also like to view...
Why may a central bank intervene in the foreign exchange market when its currency is depreciating?
A) concerns about the country's exports becoming less competitive B) concerns about inflation C) concerns about deflation D) to sterilize the effects on the domestic economy
The following graph is the production possibility curve for a three-person economy, with workers Janna, Drew, and Karl.
The slope of the PPC between points Y and Z is determined by ________ opportunity cost.
A. Janna and Drew's B. Drew's C. Janna's D. Kari's
One reason stagflation is difficult to recover from is because:
A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.
As diseconomies of scale begin to outweigh the economies of scale,
A. the long-run average cost curve begins to slope upward. B. the long-run average cost curve begins to slope downward. C. the long-run average cost curve becomes horizontal and continues this way into infinity. D. the long-run average cost curve is unaffected.