The U.S. federal government levies a general sales tax on purchases made within the country's boundaries.
True
False
The U.S. federal government levies a general sales tax on purchases made within the country's boundaries....
Suppose the federal government levies a 10cent sales tax on gasoline and an economist observes that ceteris paribus consumption of gasoline in Canada does not change at all after the tax is imposed. What type of good is gasoline? Illustrate and prove Why do governments frequently levy taxes on goods such as gasoline? Illustrate
GDP includes purchases of U.S. made products by the federal government, consumers and private businesses in the U.S. only. all purchases of products from the federal government, consumers in the U.S. and around the world. purchases of U.S. made products by consumers, private businesses and the government sector.
Which of the following statements is true when considering the expenditures of the U.S. federal government? O A. The expenditures are used for entitlements. B. The expenditures are used for investment in the country's infrastructure. C. The expenditures are used for the purchases of goods and services by the federal government. D. The expenditures are used for all these purposes. select your answer.
QUESTION 20 The federal government currently levies a 15.3 percent payroll tax (7.65 percent on both the employer and employee) on the wages of all workers. If the demand for laboris relatively elasti when compared to the inelastic supply of labor, the burden of this tax will a. be divided equally between employees and employers b. Its impossible to tell from this information c. fall primarily on employees d.tall primarily on employers.
Suppose that the Federal Reserve purchases $100,000 in U.S. government bonds. Explain why this policy will have a similar effect on the money supply as the $100,000 deposit into U.S. banks.
- Collecting and spending federal tax revenue is an example of the government exercising its powers over public goods. fiscal policy. the market process. monetary policy. monopoly power. - An increase in the U.S. money supply by the Federal Reserve constitutes a microeconomic government policy action. true or false
If a bank or brokerage house gave the Federal Reserve Bank $25 million in U.S. government bonds as collateral, then the Federal Reserve Bank could give them a short-term loan based on this collateral. This is known as a "reverse repo." True or False True False
| Мар . Produced within a certall time frame Market value Produced within a country's boundaries Final good or service Dr. A. Just trades Joy Rider makes guacamole Trudy Ages buys her chiropractic treatments from limes that her dream car that was with Kit E. Katz for neighbor, Bea Kind made in the 1970's. cat-sitting services. gave to Joy, from her tree. Yum n' Yummy restaurant buys Don E. Brook buys only Easton West buys Nike onions, egg plant, and...
21 Payments for unemployment benefits sent to unemployed people are considered government purchases. True False 14 The ranking of the size of tax revenues received by the federal government (from highest to lowest) would be corporate taxes, income taxes, and Social Security payroll True False 11 An investment tax credit creates jobs mostly for the year in which it is granted. True False
9. A__ is a tax on imports levied by the federal government. a. tariff b. sunk cost C. foreign trade zone d. tactical cost 10. The starting point for analyzing the factors that cause a difference between actual and budgeted profit is the a. sales price variance b. gross profit variance C. sales volume variance d. contribution margin variance TRUE FALSE 9. Since depreciation is allocated to future periods, it should be considered a relevant cost in a make-or-buy decision....