The largest percentage of federal income tax revenue in the United States is paid by the
A) middle income taxpayers.
B) highest income taxpayers.
C) lowest income taxpayers.
D) All groups of taxpayers—low income, high income and middle income—pay the same percent of federal income taxes.
B
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Define the following terms: a. Recession b. Mixed economy c. Transfer payments d. Progressive taxation
What will be an ideal response?
The effect of improvements in food-producing technology can be shown graphically by
a. rightward shifts in the supply curve of food b. leftward shifts in the supply curve of food c. rightward shifts in the demand curve for food d. leftward shifts in the demand curve for food e. both leftward shifts in the demand curve for and the supply curve of food
How do profit incentives and property rights affect the management of a renewable resource such as a forest? Why do some nations have growing or sustainable forests and other nations experience deforestation?
What will be an ideal response?
To decrease output the government could
A. adopt policies that discourage immigration and increase government spending. B. adopt policies that encourage immigration and decrease government spending. C. adopt policies that encourage technological advancement and increase government spending. D. adopt policies that discourage technological advancement and decrease government spending.