If the marginal propensity to save is 0.20, then the value of the tax multiplier is

Which of the following categories accounted for the largest percentage of total federal government expenditures in recent years?

a. Income security. b. National defense. c. Education and health. d. Interest on the national debt.

Unlike a sole proprietorship, a corporation's shareholders

A) own the firm and directly manage it as well. B) own the firm but do not directly manage it. C) do not own the firm but directly manage it. D) do not own the firm and do not directly manage it.