A sales tax is
A) a tax assessed on personal income.
B) a tax assessed on the prices paid for numerous goods and services.
C) a tax assessed on a public good.
D) the total tax base.
B
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Which of the following shifts the entire consumption function upwards?
A) a decrease in the value of consumer durables B) an increase in consumer wealth C) a decrease in consumer confidence D) an increase in income
During the last two decades, most of the surplus generated by the Social Security system was
a. used to finance current government expenditures. b. invested in government bonds that will make it possible for the federal government to pay future retirement benefits without an increase in federal taxes. c. used to pay down the national debt. d. invested in bonds offered by foreign governments and businesses that will provide a stream of future income for the finance of retirement benefits.
One trend in labor markets is:
A. weak rates of job creation in the United States since 1980. B. an increase in the rate of real wage growth since the early 1970s. C. a decrease in average real wages in the United States and other industrial countries. D. increasing wage inequality in the United States.
Who operates and controls a corporation in its day-to-day activities?
A) the board of directors B) stockholders C) employees D) management