Which of the following is the most important source of tax revenue for state governments?

A. Personal income tax
B. Property taxes
C. Corporate income tax
D. Sales and excise taxes

Answer: D

Economics

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The phrase "demand has increased" means that

A) a demand curve has shifted to the right. B) there has been a downward movement along a demand curve. C) a demand curve has shifted to the left. D) there has been an upward movement along a demand curve.

Economics

When the Federal Reserve decreases the money supply, at the previous equilibrium interest rate households and firms will now want to

A) sell Treasury bills. B) hold less money. C) neither buy nor sell Treasury bills. D) buy Treasury bills.

Economics