One benefit of a consumption tax is that it could ______.
a. simplify the tax code
b. raise demand for products
c. encourage spending
d. lead to unbalanced federal budgets
e. make the tax code more progressive
a. simplify the tax code
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Which of the following is true of the Permanent University Fund?
a. It is the largest public university endowment in the world. b. It funds the universities before paying off bond interest and principles. c. It receives funds from franchise tax. d. It can be used only during state emergencies.
Which of the following best describes the world's superpowers since the end of World War II?
a. The United States has been the sole superpower since the end of World War II.
b. The United States and the Soviet Union were rival superpowers until the end of the Cold War, when the United States became the sole superpower.
c. The United States and the Soviet Union were rival superpowers until the Cuban Missile Crisis, when the United States and Russia became rival superpowers.
d. The United States, the United Kingdom, Germany, and the Soviet Union have been rival superpowers since the end of World War II.