The tax that generates the most revenue for state and local government is the
a. corporate income tax.
b. individual income tax.
c. property tax.
d. sales tax.
d
You might also like to view...
You have a bond that pays $18 per year in coupon payments. Which of the following would result in a decrease in the price of your bond?
A) The likelihood that the firm issuing your bond will default on debt decreases. B) Coupon payments on newly-issued bonds rise to $22 per year. C) The price of a share of stock in the company rises. D) Coupon payments on newly-issued bonds fall to $15 per year.
In deciding where to operate along its production possibilities frontier, a society is answering the question of
a. which goods and services should be produced with its scarce resources b. what production methods should be used to produce goods and services c. how will output be allocated among the individuals in the society d. what prices will be charged for goods and services e. how much will it trade with other societies in the world
The total amount received from the sale of output is
A. price revenue. B. total revenue. C. marginal revenue. D. average revenue.
A patent is an example of
A) how ownership of a key input creates a barrier to entry. B) a government-imposed barrier to entry. C) occupational licensing. D) how market failure can lead to oligopoly.