Which of the following taxes is most likely to be shifted?
A. A property tax on an owner-occupied residence
B. A progressive income tax
C. A flat-rate state income tax
D. A general sales tax
Answer: D
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What are the four functions of money? Can something be considered money if it does not fulfill all four functions?
What will be an ideal response?
There is widespread ____ about the causes of poverty and widespread _____ about how to alleviate poverty.
A. agreement; agreement. B. disagreement; disagreement. C. agreement; disagreement D. disagreement; agreement.
Give an example, not similar to the text material, where you made a decision based on your private costs only, and should have made a different decision if all costs had been considered.
What will be an ideal response?
Most of the U.S. national debt is owed to ____. Thus a rising national debt implies that there will be a future redistribution of income and wealth in favor of ____.
A. foreigners; foreigners B. other U.S. citizens; bondholders C. foreigners; those needing government services D. other U.S. citizens; those needing government services