No market economies exist without government involvement and government regulation.

Tariffs benefit the consumers of the import-competing goods

Indicate whether the statement is true or false

State and local governments receive most of their revenue from

A) sales and excise taxes, revenue from the federal government, and property taxes. B) individual income taxes, social insurance contributions, and property taxes. C) corporate income taxes, property taxes, and personal income taxes. D) property taxes, sales and excise taxes, and Social Security contribution.