State income tax revenues are much less than sales tax revenues.
Answer the following statement true (T) or false (F)
True
State governments rely heavily on sales taxes while their effective income tax rates are less than 2 percent.
Economics
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The Fed raises the federal funds rate. Which of the following changes occurs most rapidly?
A) Exchange rate rises. B) Consumption expenditure decreases. C) Aggregate demand decreases. D) Real GDP growth decreases. E) Inflation rate decreases.
Economics
The text calls the type of comparative advantage that is not easily changed, such as climate:
A. inherent comparative advantage. B. stable comparative advantage. C. permanent comparative advantage. D. equilibrium comparative advantage.
Economics