The two biggest items of the U.S. federal government revenue that together account for over approximately 80 percent of total federal government revenue are
A) personal income taxes and Social Security taxes.
B) personal income taxes and corporate income taxes.
C) personal income taxes and sales taxes.
D) corporate income taxes and Social Security taxes.
E) corporate income taxes and property taxes.
A
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In the above figure, which part corresponds to a destruction of part of the nation's capital stock?
A) Figure A B) Figure B C) Figure C D) Figure D
The rise in average living standards experienced by most industrialized countries:
A. has been more rapid since 1950 than before 1950. B. has been continuous over the course of human history. C. was more rapid before 1870 than after 1870. D. has resulted primarily from an increase in population worldwide.
One World View article is titled "Competition Shrinks India's Phone Bills." Competitive forces typically force companies to
A. Improve product quality and reduce service. B. Cut prices, improve product quality, and improve service. C. Improve service and raise prices. D. Cut prices and reduce product quality.
Perfect competition means that firms are
A. powerful sellers. B. price makers (firms set the price of the market). C. unable to make normal profits. D. price takers (firms must accept the price of the market).