Which of the following is true of individual income taxes?
A) Individual income taxes are only collected by the federal government.
B) Individual income taxes are only collected by the state governments.
C) All states in the U.S. collect individual income taxes.
D) The rate of income tax imposed by states in the U.S. varies.
D
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The production possibilities frontier is a boundary that separates
A) fair combinations of goods and services that can be consumed from unfair ones. B) the combinations of goods that can be produced from the combinations of services. C) attainable combinations of goods and services that can be produced from unattainable ones. D) affordable production points from unaffordable points. E) equitable combinations of goods and services that can be produced from inequitable ones.
Refer to the scenario above. Which country has the highest income per capita in PPP dollars?
A) Country 1 B) Country 2 C) Country 3 D) Country 4
Labor productivity increases if i. human capital decreases. ii. technology advances. iii. quality of education decreases
A) i only B) ii only C) iii only D) Both i and ii E) Both ii and iii
Which country has had a higher growth rate than the US over about the last 120 years?
a. Argentina b. Germany c. the United Kingdom d. None of the above is correct.