Owners of bonds that were issued by the federal government are not required to pay federal income tax on the interest income
a. True
b. False
Indicate whether the statement is true or false
False
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One difference between oligopoly and monopolistic competition is that
A) a monopolistically competitive industry has fewer firms. B) in monopolistic competition, the products are identical. C) monopolistic competition has barriers to entry. D) fewer firms compete in oligopoly than in monopolistic competition.
Unemployment compensation is an example of
A) a subsidized service. B) a regressive income program. C) a Social Security benefit. D) an income maintenance program.
The key to reaching a Pareto optimum through mutually beneficial exchange _____
a. is to remove barriers to international trade b. is to establish property rights for valuable resources c. is to provide start-up capital to fledgling entrepreneurs d. is to encourage people to use online auction services
Monopolies are discouraged in the United States because
A) they are more efficient than other industries. B) they can produce at lower cost in the short run. C) they restrict output and boost prices. D) they hire too many workers.