Which of the following is NOT an important source of revenue for the federal government?
A) individual income taxes
B) property taxes
C) social insurance taxes and contributions
D) corporate income taxes
Answer: B
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A nation will import a good if its no-trade, domestic
A) price is equal to the world price. B) price is less than the world price. C) price is greater than the world price. D) quantity is less than the world quantity. E) quantity is greater than the world quantity.
Why should anyone bother to study perfect competition since it seldom or never exists in reality?
What will be an ideal response?
What is one definition of equity?
a) equality b) efficiency c) fairness d) similarity
Suppose present interest rates are relatively high. Financial investors will hold
A) smaller speculative balances because they expect bond prices to fall further. B) larger speculative balances because they expect bond prices to fall further. C) smaller speculative balances because they do not expect bond prices to fall further. D) larger speculative balances because they do not expect bond prices to fall further.