The largest share of federal government tax receipts is derived from
A. individual income taxes.
B. excise taxes.
C. social insurance contributions.
D. corporate income taxes.
Answer: A
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If retailers' marginal cost from providing product-specific services for a new smart television is $50, if retailers offer the product-specific services for the television, the market ________ will ________.
A) supply; parallel shift to the left by $50 B) supply; parallel shift to the right by $50 C) demand; not shift D) demand; parallel shift to the left by $50
Opportunity cost can best be defined as the
A. value of what must be given up in order to acquire an item. B. money cost to the buyer to acquire a good or service. C. total value of all the other items that otherwise could be acquired. D. cost to the seller to produce an item. E. time cost to obtain the money to buy an item.
An unemployment rate of zero percent cannot be expected because
A) there are some people who do not want to work. B) there will always be discouraged workers. C) some portion of the labor force will always be between jobs. D) cyclical unemployment will always exist.
Some examples of unconventional monetary policies are massive lending as the lender of last resort and large-scale purchases of atypical assets.
Answer the following statement true (T) or false (F)