A major source of revenues for state and local governments is _____
a. income taxes
b. payroll taxes
c. intergovernmental revenues
d. estate taxation
c
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Hurricane victims in the United States are likely to receive emergency relief aid and embark upon reconstruction more rapidly than similar victims in India because
A) U.S. victims typically need the resources more than the victims in India. B) the U.S. economy has a more clearly defined set of property rights compared to the Indian economy. C) people in the U.S. are typically more charitable than people in India. D) the global economy is too dependent on the U.S. to let it falter.
What are fiscal and monetary policies? Do they have an immediate effect on the AD curve or the SAS curve?
What will be an ideal response?
Refer to Figure 18-1. The appreciation of the dollar is represented as a movement from
A) D to C. B) C to B. C) B to A. D) C to A.
Economic analysis requires us to combine:
A. unlimited resources with limited wants. B. theory with observations. C. developed and developing nations. D. republicans and democrats.