Which of the following statements is true?
A. U.S. residents pay a higher percent of their income in taxes than the people in the provinces of Canada.
B. The top marginal tax rate today is about half of the top marginal tax rate in 1960.
C. Today the overall tax burden is about the same as what it was in 1929.
D. Education in the U.S. is paid for exclusively by local taxes.
B. The top marginal tax rate today is about half of the top marginal tax rate in 1960.
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Financial markets are regulated by
A) the Securities and Exchange Commission. B) the Stock and Bond Exchange Commission. C) the Security and Protection Commission. D) the Stock and Exchange Commission.
If today $1 exchanges for ¥135, and tomorrow $1 exchanges for ¥150,we say the euro has:
a. appreciated. b. depreciated. c. stagnated. d. become inverted.
The seven members of the Board of Governors of the Federal Reserve System are:
A. appointed by the presidents of the 12 Federal Reserve Banks. B. appointed by the Senate Finance Committee. C. elected by Congress from a slate of nominees provided by the president. D. appointed by the president with the confirmation of the Senate.
Explain what is needed for optimal harvesting of a forest. How do changes in economic incentives and structures affect present and future decisions?
What will be an ideal response?