The type of tax receipts that has shown the largest growth since the end of World War II has been

A. personal taxes.
B. contributions for social insurance.
C. taxes on production and imports.
D. corporate taxes.


Answer: B

Economics

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The curvature of the production function shows that as employment increases, the productivity of labor

A) remains positive and increases. B) remains positive but decreases. C) decreases and becomes negative. D) remains constant.

Economics

Steel production creates pollution. If a tax is imposed on steel production equal to the marginal external cost of the pollution it creates, ______

A. steel producers will cut pollution to zero B. the deadweight loss created by steel producers will be cut to zero C. the market price of steel will rise by the amount of the tax D. steel producers will continue to produce the inefficient quantity of steel

Economics

The more blood sugar in the brain, the more thoughtful the decision-making process.

Answer the following statement true (T) or false (F)

Economics

Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 

A. D; C B. B; C C. B; A D. D; B

Economics