The corporate income tax is the single largest source of revenue for the federal government
a. True
b. False
Indicate whether the statement is true or false
False
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The flypaper effect causes money to move from where it initially hits and sticks somewhere down the bureaucratic chain.
A. True B. False C. Uncertain
How does a company arrange to sell its products to people who are unwilling to pay the top price for them?
a) by allowing rebates to some preferred customers who buy a lot of goods b) by charging each customer the maximum amount they are willing to pay c) by charging different prices according to the group to which the buyer belongs d) by changing the product and selling a lesser one to people who are unwilling to pay for the top product
When the interest rate earned on government bonds is high, most people will try to hold:
A. less bonds and less cash. B. more bonds and more cash. C. less bonds and more cash. D. more bonds and less cash.
Households receive bonds when they loan money directly to a firm.
Answer the following statement true (T) or false (F)