Exemptions and deductions are used
A) to determine what items are subject to sales taxes.
B) by taxpayers to reduce the amount of income subject to tax.
C) to add to taxes that must be paid.
D) to determine the type of tax structure.
B
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When playing a game, a mixed strategy refers to
A) randomly selecting a strategy. B) consistently alternating between two strategies each time a game is played. C) never playing the same strategy twice in a row. D) never playing the same strategy more than once.
Which of the following would be most likely to induce Congress and the president to conduct contractionary fiscal policy? A significant
A) increase in labor productivity. B) decrease in oil prices. C) increase in inflation. D) decrease in real GDP.
The political process can impede redistribution goals because _____
a. there are more stingy voters than generous voters b. there are more middle class voters than poor voters c. there are more dumb voters than smart voters d. there are more middle class politicians than poor politicians
Studies generally agree that there are 10-15 million people in the "underclass."
Indicate whether the statement is true or false