Of all federal receipts (tax receipts and borrowing) about _____ comes from the payroll tax.
Fill in the blank(s) with the appropriate word(s).
35 percent [Figure 1]
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The non-exclusion principle means
A) no one can be excluded from the benefits of a public good, even if the person does not pay for it. B) no one can be excluded from the benefits of a private good, even if only one person pays for it. C) no one who pays for a public good can be excluded from receiving the benefits of a public good. D) people who do not pay for a public good can be excluded from receiving its benefits.
There are apartments in Chicago whose rooftops overlook Wrigley Field. On game day you can find free riders on the roof enjoying ____
a. free property rights b. an externality c. a public good d. excess utility
Using a PPC can help to increase a company's
a. efficiency b. underutilization c. losses d. employee theft
An increase in interest rates by the Fed based on a given and unchanged policy reaction function represents a ________ the aggregate demand curve, and higher interest rates resulting from an upward shift in the Fed's policy reaction function represents a ________ the aggregate demand curve.
A. movement up; shift left of B. shift left of; shift right of C. movement up; shift right D. shift left of; movement up