The contribution of ________ to federal tax receipts is larger than the contribution of ________
A) personal income taxes; corporate income taxes
B) corporate income taxes; payroll taxes
C) corporate income taxes; personal income taxes
D) excise taxes; social insurance taxes
A
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An example of the "equity vs. simplicity" tradeoff is the tax treatment of
A. capital gains. B. spouses. C. earned income. D. children.
A problem with using fiscal policy to fine-tune the economy is that
A) agreeing on the appropriate fiscal policy is time consuming. B) fiscal policy impacts the economy too fast. C) fiscal policy impacts only urban areas of the nation. D) fiscal policy impacts only the largest states in the nation.
A firm is a price taker in the labor market if
A. there is a scarcity of labor in the market. B. the hiring of more workers will leave the existing wage rate unchanged. C. the skills of available workers do not match the requirements for the job. D. the hiring of more workers will drive the existing wage rate up.
If those who cause pollution are expected to bear its burden, then the price of automobiles should increase to cover the cost of antipollution devices.
Answer the following statement true (T) or false (F)