Tax policies involving increases in taxes paid by the private sector
(a) are generally tolerated when incomes are rising faster than taxes.
(b) are always opposed by the private sector.
(c) are death to politicians concerned about re-election.
(d) are progressive when the lowest income bracket pays the highest
percentage of total income.
(a)
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Which of the following is not a component of GDP in the expenditures approach?
A. Workers' wages and other compensation B. Government purchases C. Gross private domestic investment D. The difference between exports and imports
What percentage of businesses are sole proprietorships?
What will be an ideal response?
An example of a government policy to provide a framework within which the private sector can operate productively is:
A. establishing well-defined property rights. B. government ownership of capital. C. the suppression of political dissent. D. the taxation of savings.
Of the total M1, currency accounts for a little more than _____%.
A. 20 B. 30 C. 40 D. 50