The percent of receipts from sales taxes and property taxes for state and local governments are ________ and ________ respectively.
Fill in the blank(s) with the appropriate word(s)
Ans: 22 percent and 21 percent
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In recent years, information technology such as computers and scanners have been a ________ for low-skilled labor and have led to ________ wage rates for low-skilled workers
A) substitute; higher B) substitute; lower C) complement; higher D) complement; lower
All of the following take place in the direct finance market except
A) ownership in corporations is sold in the form of common stock. B) deposits from savers are accumulated and loans made to borrowers. C) ownership in corporations is sold in the form of preferred stock. D) corporate bonds are sold to savers.
The software industry depends on highly trained workers, who are abundantly available in Country A. The heavy equipment industry depends on the availability of a large stock of physical capital with which Country B is well endowed. According to Heckscher-Ohlin theorem
A. Country B should import software. B. Country A should export heavy equipment. C. Country A should import software. D. Country B should import heavy equipment.
Profits that are reinvested in a firm rather than paid to the firm's owners are called
A) dividends. B) retained earnings. C) corporate bonds. D) stock options.