Taxes on specific goods such as cigarettes, gasoline, and alcoholic beverages are called
a. sales taxes.
b. excise taxes.
c. social insurance taxes.
d. consumption taxes.
b
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_________ are more inclined to keep the government hands off the economy and favor adhering to fixed rules.
A. Conservatives B. Liberals C. Politicians D. None of the above is correct.
Which of the following is a consumption good or service?
A) a United Parcel Service truck delivering Christmas gifts B) a personal computer purchased in order to play games at home C) a satellite dish installed by Cox Cable to download programs that are then distributed through its cable system D) a United Airline ticket counter E) the Endeavor space shuttle
Refer to Table 11-2. What is the average product of labor when the orchard employs 5 workers?
A) 270 bushels B) 54 bushels C) 40 bushels D) 8 bushels
The sum of consumption and saving is called _____
a. net investment b. net income c. personal income d. disposable income e. transfer payment