For state and local governments, in 2011, sales taxes and property taxes made up approximately
a. 10 percent of all receipts.
b. 22 percent of all receipts.
c. 33 percent of all receipts.
d. 43 percent of all receipts.
d
You might also like to view...
Why is the U.S. putting less emphasis on multilateral and more emphasis on bilateral trade agreements?
What will be an ideal response?
For voluntary action to correct an externality
A) transaction costs have to be high. B) transaction costs have to be low. C) transaction costs have to be split evenly between all of the parties involved. D) transaction costs are irrelevant.
New Keynesian inflation dynamics can account for sluggish responses of
A. inflation to changes in aggregate supply. B. real Gross Domestic Product (GDP) to changes in aggregate demand. C. real Gross Domestic Product (GDP) to changes in aggregate supply. D. inflation to changes in aggregate demand.
An implication of the fact that the labor market is perfectly competitive is that:
A) there is always some unemployment. B) the labor demand curve is upward sloping and the labor supply curve is downward sloping. C) the quantity of labor demanded always exceeds the quantity of labor supplied. D) a worker willing to work at the equilibrium wage rate can instantly find work.