Which of the following properly ranks the size of tax revenues received by the federal government from highest to lowest?
A. Corporate taxes, Social Security payroll taxes, income taxes, and excise taxes.
B. Social Security payroll taxes, excise taxes, corporate taxes, and income taxes.
C. Income taxes, Social Security payroll taxes, corporate taxes, and excise taxes.
D. Excise taxes, Social Security payroll taxes, income taxes, and corporate taxes.
Answer: C
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The fact that a rock star earns $5 million a year while a teacher earns $25,000 annually is most directly an example of an economy answering the ________ part of one of the two big economic questions
A) "when" B) "for whom" C) "how" D) "why"
Exhibit 36-1 Bond FaceValueof Bond Price ofthe Bond Annual CouponPayment A $1,000 $850 $25 B $1,000 $950 $41 C $1,000 $1,100 $52 D $1,000 $1,100 $32 E $1,000 $1,000 $50 Refer to Exhibit 36-1. The coupon rate for bond D is
A. 11 percent. B. 2.9 percent. C. 3.2 percent. D. 0.03 percent.
Changes in total factor productivity are plausible causes of business cycles because
A) of the welfare theorems. B) the U.S. government is following supply-side economic policy. C) the model matches many stylized facts. D) prices are countercyclical.
Which of the following will not cause the marginal revenue product of labor curve for a firm to shift?
A) an increase in the productivity of workers B) an increase in demand for the product C) a decrease in the price of the product D) an increase in the wage rate