The Gallatin Plan (1808) to provide internal land and water transport in the eastern part of the country was a plan that
(a) called for the federal government to finance and build the transport system.
(b) called for the eastern states to join together to finance and build the system.
(c) called for private financing and building with some federal government assistance
in coordinating and planning the transport system.
(d) relied primarily on city and county governments to provide the bulk of the financing and
building of the transport system.
(a)
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The Lorenz curve shows the distribution of
A. wealth. B. income. C. poverty. D. jobs.
Consider a portfolio with three stocks, each with the same value. The three stocks have expected returns of 15%, 25%, and 50%. The expected return of this portfolio is
a. 25%. b. 30%. c. 50%. d. 90%.
The tax multiplier is the number that, when multiplied by the
A) budget deficit, gives us the change in total spending. B) budget deficit, gives us the change in the public debt. C) change in taxes, gives us the change in total spending. D) change in government spending, gives us the change in total spending.
Simple Fluff Pillows just learned it will be assessed a new state tax of two dollars for each pillow it produces. It will produce one million pillows this year. What will be the state tax revenue collected this year from Simple Fluff Pillows?
a. one million dollars b. two million dollars c. two dollars d. half a million dollars