With respect to local finance, it is correct to say that
A. Sales and excise taxes are the major source of revenue and highway construction and maintenance the major type of expenditure.
B. Property taxes are the basic source of revenue and education the major type of expenditure.
C. The corporate income tax is the major source of revenue and natural resource development the major type of expenditure.
D. Estate and gift taxes are the major source of revenue and most expenditures are for hospitals and health services.
B. Property taxes are the basic source of revenue and education the major type of expenditure.
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All else equal, the flatter the marginal cost curve, the ________ sensitive quantity produced is to changes in demand and, thus the ________ valuable an accurate forecast is to the firm.
A) more; more B) more; less C) less; more D) less; less
Based on the graph showing the supply and demand for health care service, the price consumers with health care coverage pay is represented by ______.
a. P 1
b. P 2
c. P 3
d. Q 1
The inflation rate can be calculated as the percentage change in:
A. real GDP. B. the exchange rate. C. the CPI. D. nominal GDP.
What is structural unemployment?
What will be an ideal response?