Which of the following is not a significant source of revenue for the U.S. federal government?
A. Personal income taxes
B. Corporate income taxes
C. Payroll taxes
D. Property taxes
Answer: D
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If buyers of a monopolistically competitive product feel the products of different sellers are strongly differentiated, then the demand for each seller's product is
A) relatively elastic. B) relatively inelastic. C) perfectly inelastic. D) perfectly elastic.
The idea that efficient producers can benefit from trading with inefficient producers is known as
a) the theory of competitive advantage b) the Hecksher-Ohlin theorem c) the Stolper-Samuelson theorem d) New Trade Theory e) comparative advantage
As the dollar is devaluated
A. inflationary pressures are reduced and our standard of living is reduced. B. inflationary pressures are increased and our standard of living is increased. C. inflationary pressures are reduced and our standard of living is increased. D. inflationary pressures are increased and our standard of living is reduced.
________ is (are) most likely a variable cost for a firm.
A. Monthly health insurance expenses for employees B. The monthly lease payment on a delivery truck that is leased for three years C. The plumbing company's annual licensing fee D. The quarterly payments for a two-year maintenance contract for copy machines