The largest single source of revenue for the federal government is
A. Personal income taxes.
B. Excise taxes.
C. Social Security payroll taxes.
D. Corporate income taxes.
Answer: A
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Perfectly competitive markets maximize the sum of producer and consumer surplus
a. True b. False
A cartoon in the text shows two people watching television. On the screen are the words "Economic growth indicators are up, led by car repairs, divorce costs, open-heart surgeries, and toxic waste cleanups." The cartoon illustrates the
A) Difficulty in measuring social welfare. B) Difference between GDP and national income. C) Problem of measuring the difference in wealth between the United States and other nations. D) Difference between GDP and NDP.
A total fertility rate of 1.0 will cause the:
A. population to remain stable. B. population to double in one generation. C. population to collapse in one generation. D. next generation to be half the size of the current generation.
Each Federal Reserve District has 9 directors. ____ are appointed by the member banks in the district and ____ are appointed by the Board of Governors of the Federal Reserve
a. 9; 0. b. 0; 9. c. 4; 5. d. 6; 3. e. 7; 2.