What are the two largest sources of revenue for the average US state govt?
a. sales taxes and excise taxes
b. corporate income taxes and property taxes
c. property taxes and US import tariff revenues (taxes on imported goods)
d. income taxes and sales taxes
Ans: d. income taxes and sales taxes
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The prisoners' dilemma describes a single-play game that features
A) an outcome in which the participants collude. B) a large number of rivals cooperating with each other. C) a situation in which one player has better odds than the other. D) two players who are unable to communicate with each other.
Which of the following is an example of the "shoe-leather costs" of inflation?
A) a rise in the cost of primary raw materials, like leather for shoes B) an artificial rise in the capital gains tax C) the need to take more trips to the bank D) miscalculations due to money illusion E) All of the above