Which of the following forms of taxation accounts for the largest share of taxes received by state and local governments?

A) sales, excise, and gross receipts taxes
B) personal and corporate income taxes
C) license and permit fees
D) property taxes

A

Economics

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Sales finance companies

A) purchase accounts receivable of small firms at a discount. B) sell commercial paper and buy long-term corporate bonds. C) take in deposits from savers and buy corporate commercial paper. D) are affiliated with companies which manufacture or sell goods.

Economics

When you buy something, you do so because of the satisfaction you expect to receive from having and using that good. Another term that can be used for satisfaction is

A) need. B) purchasing power. C) utility. D) price elasticity.

Economics