Property taxes are a major source of revenue for
A) state and local governments.
B) the federal governments.
C) the federal, state, and local governments.
D) firms wanting to relocate their operations.
E) consumers.
A
You might also like to view...
According to this Application, some households were willing to take on considerable mortgage debt because
A) they realized the mortgage debt would be more than offset by the tax deductions they could take on the interest paid on their mortgage loans. B) this was a safe investment in light of the rapidly increasing inflation in the economy. C) the government's federal home mortgage insurance program would compensate them for any loss in value they may realize based on the purchase price of their homes. D) they were confident they could make money as the values of their homes increased.
The sole owner of an unincorporated business unable to pay its debts
A. may be sued by the people to whom the business owes money. B. may be forced to pay them out of the owner’s own bank account. C. may be forced to sell the owner’s personal property to pay those debts. D. All of these responses are correct.
Suppose sport utility vehicles get poor gas mileage compared to other available cars. If the price of gasoline increases, then one would then expect:
A. the demand for gasoline to decrease. B. the demand for sport utility vehicles to increase. C. the demand for sport utility vehicles to decrease. D. the quantity demanded of sport utility vehicles to decrease.
Answer the following questions true (T) or false (F)
1. In a market with positive externalities, the market equilibrium price will be greater than the efficient equilibrium price. 2. In a market with positive externalities, the market equilibrium quantity will be less than the efficient equilibrium quantity. 3. Vaccinations tend to result in a negative externality.