State and local governments receive the largest portion of their tax revenues from
a. sales taxes and income taxes.
b. income taxes and property taxes.
c. payroll taxes and income taxes.
d. property taxes and sales taxes.
d
You might also like to view...
Which of the following changes aggregate supply and shifts the aggregate supply curve?
i. change in the price level ii. change in potential GDP iii. change in the money wage rate A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
What accounted for much of policymakers' concern over U.S. current account deficits in the 1980s, 1990s, and 2000s?
A) The current account deficits were thought to be largely responsible for the federal budget deficit. B) Current account deficits lower U.S. interest rates, thereby leading to reduced domestic saving. C) Current account deficits require the United States to borrow funds from foreign savers. D) The United States had signed international agreements in which it had pledged not to run a current account deficit for more than three years in a row.
Good Boy Super Treats produces healthy treats for dogs. At its current advertising level, Good Boy Super Treats marginal cost of advertising is $1.3 million and their marginal benefit is $1 million. Which of the following is true?
A) The firm should increase the amount of advertising to increase its net profit. B) The firm should reduce the amount of advertising to increase its net profit. C) If the firm decreases the amount of advertising, its net profits will decrease. D) The firm is currently maximizing its net profit.
Which list ranks assets from most to least liquid?
a. money, bonds, cars, houses b. money, cars, houses, bonds c. bonds, money, cars, houses d. bonds, cars, money, houses