Based on the table for the federal tax burden, which group of earners pays about one-quarter of total federal taxes?
a. lowest 20%
b. third 20%
c. fourth 20%
d. top 1%
d. top 1%
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Fill in the blank: By 2011, GDP in the United States was approximately ________ times greater than it had been in 1820
A) 100 B) 225 C) 550 D) 775 E) 900
Refer to Figure 10-1. Which of the following is consistent with the graph depicted above?
A) Technological change increases the profitability of new investment. B) Households become spendthrifts and begin to save less. C) An expected recession decreases the profitability of new investment. D) The government runs a budget surplus.
The first and biggest problem the EU faces in its expansion to the east is
A) the reform of its agricultural subsidy programs. B) the lack of democracy in the countries that are most likely to become members. C) the unwillingness of the new members to adopt EU rules. D) the lack of market economies in the countries that are most likely to become members. E) the unwillingness of citizens in the new member countries to migrate to higher income countries.
Splitting up a natural monopoly into two or more smaller firms would not only lower the average cost of production but also reduce price
a. True b. False Indicate whether the statement is true or false