The U.S. tax and transfer study done by economists Chamberlain and Prante of the Tax Foundation note that households in the top income quintile received about:
A. 75 cents in government spending for every dollar they paid in taxes
B. 60 cents in government spending for every dollar they paid in taxes
C. 40 cents in government spending for every dollar they paid in taxes
D. 20 cents in government spending for every dollar they paid in taxes
C. 40 cents in government spending for every dollar they paid in taxes
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A short-run decision by a firm to not produce anything during a specific period is referred to as a(n):
A) lockout. B) shutdown. C) buyout. D) exit.
Which of the following statements is true?
A) Because the cost of labor used on farms is so high, the United States exports very little of its wheat, rice and corn crops. B) France is the leading exporting country, accounting for 10 percent of total world exports. C) Japan is more dependent on foreign trade than is the United States. D) Imports and exports account for over one-half of the GDP of Belgium.