As a percentage of total federal revenue, excise taxes have _____. a. risen slightly since 1960 b. remained constant since 1960 c. risen considerably since 1960 d. fallen since 1960 ANSWER d
Date: September 9th, 2020
The bulk of federal budget receipts come from ______. a. individual income taxes b. social insurance revenues c. corporation income taxes d. excise taxes ANSWER a
Date: September 9th, 2020
An understanding of the principles of public sector economics can help us create _____. a. innovative public policies b. a more effective government c. a protective government that better shields its citizens from risk d. new spending programs ANSWER b
Date: September 9th, 2020
To understand the public sector, we must understand not only how government allocates resources, but also the importance role that _____ play in the policy-making process. a. corporations b. families c. politics d. individuals ANSWER c
Date: September 9th, 2020
The government’s economic programs and policies in the United States _____. a. are determined mostly by professional economists b. are largely determined by looking at what other countries are doing c. are a product of a democratic political system d. are largely determined by corporations ANSWER c
Date: September 9th, 2020
In 2002, the United States contained around _____ governmental units at all levels. a. ninety thousand b. twelve thousand c. fifty d. five hundred and thirty-five ANSWER a
Date: September 9th, 2020
The demand function for tickets to Ireland is expressed as Qd = 1600 – 0.005P + 2 PEngland + 3rain + 2Y, where P is the price for tickets to Ireland, PEngland is the price of tickets to England, rain is the inches of rain Ireland receives annually, and Y is annual household income. Assuming […]
Date: September 9th, 2020
Total government revenues in the United States are about _____ percent of GDP. a. 25 b. 17 c. 45 d. 30 ANSWER d
Date: September 9th, 2020
