Two taxes that have consumption as a tax base are ____ taxes and _____ taxes

a. income; general sales
b. general sales; valued-added
c. excise; income
d. estate; retail sales


b

Economics

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A person keeps $500 in his home in order to be prepared for some unforeseen future event. This reflects his

A) speculative demand for money. B) asset demand for money. C) liquidity demand for money. D) precautionary demand for money.

Economics

Under TANF, all state programs must be identical

Indicate whether the statement is true or false

Economics

The increase in world oil prices during the 1970s was

A. the result of depletion of world reserves of oil. B. artificially created by OPEC. C. the result of extremely high growth rates in industrialized countries. D. fully reversed by 1982.

Economics

What happens to the money multiplier when the reserve requirement increases from 20% to 25%?

a) It stays the same. b) It increases from 20 to 25. c) It decreases from 5 to 4. d) It falls to zero.

Economics