What percentage of personal income tax revenue was collected from the top 1 percent of earners in 2010?
a. less than 10 percent
b. approximately 15 percent
c. approximately 20 percent
d. more than 35 percent
D
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An ideal voting system will not function if a _________ is present, and has the power to enact his or her own preferences.
A. bully B. representative C. consul D. dictator
When the demand for a good is perfectly inelastic, the entire sales tax is paid by the sellers
a. True b. False Indicate whether the statement is true or false
Entrepreneurship
What will be an ideal response?
In the United States, currency holdings per person average about
a. $110; one explanation for this relatively small average is that many people use credit and debit cards to make transactions. b. $110; one explanation for this relatively small average is that U.S. citizens hold a lot of foreign currency. c. $4,490; one explanation for this relatively large amount is that criminals probably prefer currency as a medium of exchange. d. $4,490; one explanation for this relatively large average is that U.S. citizens hold a lot of foreign currency.