Income taxes and property taxes generate the highest tax revenue for state and local governments
a. True
b. False
Indicate whether the statement is true or false
False
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Explain why OPEC is caught in a prisoner's dilemma?
What will be an ideal response?
According to the book, the characteristic way an individual or family manages resources is shaped by 5 forces, which of the following is not one of them
a. Psychological/personality b. Economic c. Technological d. Cognitive
A public good is any good or service that users collectively consume and there is no way to bar free riders
a. True b. False Indicate whether the statement is true or false
How does saving help a nation’s economy to grow?
a. Saving allows a nation to invest in new, productive capital. b. When people have money saved, companies can pay lower wages. c. Saving artificially increases the value of the stock market. d. Saving prevents foreign countries from growing faster.