Which of the following is NOT an important source of revenue for the federal government?
A) individual income taxes
B) property taxes
C) social insurance taxes and contributions
D) corporate income taxes
B
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According to the textbook application, radon
a. is a naturally occurring hazard b. is an involuntary risk c. poses no adverse health threat outdoors d. all of the above e. (a) and (b) only
Suppose the United states production possibility frontier was flatter to the widget axis, whereas Germany's was flatter to the butter axis. We now learn that the German wage doubles, but U.S. wages do not change at all. We now know that
A) the United States has no comparative advantage. B) Germany has a comparative advantage in butter. C) the United States has a comparative advantage in butter. D) Not enough information is given. E) Germany gains a comparative advantage in widgets.
A firm is making zero economic profits. From this, we know that
A) the firm is going to go out of business. B) implicit costs are zero. C) the firm is going to stay in business, but will not be able to attract new financial capital. D) the firm will stay in business since it is covering all relevant opportunity costs.
Various studies have recommended changes in the Federal Reserve structure and policy that include
a. having Congress set the discount rate. b. placing monetary policy in the control of Congress. c. dissolving the Board of Governors. d. making each appointment to the Board of Governors a lifetime appointment.