In 2011, which category represented the largest source of receipts for the U.S. federal government?
a. Medicare
b. Social Security
c. corporate income taxes
d. individual income taxes
d
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From the highest percentage to the lowest percentage, the percentage of profits earned by businesses in the United States is represented by which of the following?
A) partnerships, corporations, sole proprietorships B) corporations, sole proprietorships, partnerships C) corporations, partnerships, sole proprietorships D) sole proprietorships, partnerships, corporations
Which of the following is correct? a. An increase in the quantity of labor always leads to economic growth
b. Increased education adds to the stock of human capital, not unlike building factories adds to the stock of physical capital. c. A decrease in the productivity of labor leads to economic growth. d. Japan and Hong Kong are rich in natural resources.
When the government privatizes a common resource, it does all of the following except:
A. increases efficiency. B. forces the owner to consider all the costs and benefits of their consumption choices. C. creates excludability. D. increases undesirable side effects.
Your friend is preparing for this exam and in your practice session makes the following statement: "Instead of attending microeconomics class for two hours, Kiki could have played tennis or watched a movie
Therefore, the opportunity cost of attending class is the tennis and the movie she had to give u