United States Government Source of Funds and Outlays, Fiscal 2011
What will be an ideal response?
The largest sources of federal revenues are personal income and Social Security taxes. Part of the budget—36 percent in 2011—is covered by borrowing (issuing government
bonds).
Economics
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Five people want to have a lighted garden built at the entrance to their neighborhood. The difficulties they experience in getting one another to commit to paying for the garden are best described as
A) property rights. B) transactions costs. C) negative externalities. D) rivalry.
Economics
Reserves are equal to the sum of
A) required reserves and excess reserves. B) required reserves and vault cash reserves. C) excess reserves and vault cash reserves. D) vault cash reserves and total reserves.
Economics