Which of the following taxes contributed the greatest percentage of total federal government tax revenues in recent years?
a. Individual income taxes.
b. Corporate income taxes.
c. Social Security taxes.
d. Excise taxes.
a
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A $1.5 trillion increase in investment leads equilibrium expenditure to increase from $7.0 trillion to $10.5 trillion. In this case, the expenditure multiplier is
A) 7.00. B) 4.67. C) 2.33. D) 1.50. E) 10.5.
Your friend steals towels from hotels. She then tells you she steals because "many people steal, so hotels already figure the cost of the stolen towels into the hotel bill of all customers." From the economic point of view, your friend's logic i
A) correct, because what's fair is fair. B) correct, because economics champions such selfish behavior. C) impeccable. D) incorrect, because it suggests that cost determines price. E) incorrect, because it suggests that ethical positions can be derived from economic facts.
Last week, 13 Mexican pesos could purchase one U.S. dollar. This week, it takes 11 Mexican pesos to purchase one U.S. dollar. This change in the value of the dollar will ________ exports from the United States to Mexico and ________ U.S
aggregate demand. A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease
Many college football teams require a "donation" in order to purchase season tickets. This is
A) price gouging. B) a tie-in sale. C) two part pricing. D) anti-competitive behavior.