The federal government receives most of its revenue from three sources: personal income tax, corporate income tax, and payroll tax.
Answer the following statement true (T) or false (F)
True
You might also like to view...
In the determination of production of goods or services with respect to GDP, transfer payments are included
Indicate whether the statement is true or false
Based on the figure above, if the firm produces 7 cans per day, the firm ________ maximizing its profit and is ________
A) is; incurring an economic loss B) is; making a normal profit C) is; making an economic profit D) is not; incurring an economic loss E) is not; making a normal profit
A change in the price of a good causes: a. a change in the quantity demanded and therefore results in a movement along the given demand curve for the good. b. a change in demand and therefore results in a movement along the given demand curve for the good
c. a change in the quantity demanded and therefore results in a shift in the demand curve for the good. d. a change in demand and therefore results in a shift in the given demand curve for the good.
A tariff
A) makes everyone worse off.
B) makes domestic consumers better off.
C) makes domestic producers better off.
D) makes both domestic producers and consumers better off.