Which of the following types of taxes has the greatest elasticity?
a) a gasoline tax of 20 cents per gallon sold
b) a tobacco tax of 50 cents per package sold
c) a severance tax of $1.00 per barrel of oil produced
d) a general sales tax of 6 percent on the retail purchase of taxable items
e) a property tax
Answer: D
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What was the effect of the Supreme Court's decision upholding the constitutionality of the Affordable Care Act?
A. It damaged the legitimacy of the Court because the public has seen the decision as nakedly political. B. It upset conservatives who were disappointed that the Court had not continued the trend of redefining the commerce clause. C. It upset liberals who were disappointed that the Court had ruled the penalties in the Affordable Care Act constituted a tax. D. It made neither side completely happy but enhanced the credibility of the Court over the long term.
Human inventiveness and sound economic policies are secondary to natural resources when deciding the economic growth of a country
ensuring steady economic growth?
Approximately how many unauthorized immigrants are living in the United States today?
A. 11 to 12 million B. 100 to 110 million C. 200 to 210 million D. 1 to 2 million E. 35 to 40 million
The American Association of Retired Persons (AARP) is an example of
A. a government organization. B. a public interest group. C. a nonmembership organization. D. a trade association.