Which of the following countries spends the most per capita on health care?
A. Canada
B. China
C. Germany
D. The United States
Answer: D
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In the United States, all of the following are deductions generally allowed by the IRS on individual income taxes except
A) mortgage interest. B) charitable contributions. C) contributions to retirement plans. D) rent payments.
Which of the following is a true statement about the length of recessions and expansions in the United States economy?
A) After 1950, the length of expansions were much less than the length of recessions. B) After 1950, the length of expansions were brief and almost nonexistent. C) After 1950, the length of expansions were much longer than the length of recessions. D) After 1950, the length of expansions equaled the length of recessions.
The worldwide trend is for populations to be increasingly:
a. Mobile and urban b. Insular and stay at home c. Spread out rural to seaside d. Northern moving because of global warming
If consumption were a direct function of disposable income, how would a decrease in personal taxes or an increase in transfer payments affect consumption?