Considering the tax and transfer system in the United States, the poor receive
A) less in benefits than they pay in taxes, and so do the rich.
B) more in benefits than they pay in taxes, and so do the rich.
C) less in benefits than they pay in taxes, and the rich receive more in benefits than they pay in taxes.
D) more in benefits than they pay in taxes, and the rich receive less in benefits than they pay in taxes.
D
Economics
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Refer to Table 23-3. Given the consumption schedule in the table above, the marginal propensity to consume is
A) 0.1. B) 0.3. C) 0.6. D) 0.9.
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Currently, how much of the U.S. national debt is owed to foreigners?
a. About 2.5 percent. b. About 25 percent. c. About 30 percent. d. About 59 percent.
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