National economic policies are usually set by the local government in the U.S., making it the focus of economic discussions

The Second Bank of the United States

A) was disbanded in 1811 when its charter was not renewed. B) had its charter renewal vetoed in 1832. C) is considered to be the primary cause of the bank panic of 1907. D) None of the above.

Of the three primary tax sources of revenue for the U.S. federal government, which of the following has displayed no long-term trend as a percentage of GDP since 1962?

A) corporate income taxes B) social insurance taxes C) sales and excise taxes D) individual income taxes