Politicians have suggested that the budget deficit could be reduced by

A) increasing taxes and reducing expenditures.
B) lowering the interest rates.
C) imposing higher tariffs on imported goods.
D) forbidding interest payments on government bonds outsourcing.

A

Economics

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Individual income taxes generate roughly 25% of the tax revenue for the federal government

a. True b. False Indicate whether the statement is true or false

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An excise tax on imported items is known as a(n)

A. price ceiling. B. quota. C. export restriction. D. tariff.

Economics