Which of the following provides the bulk of revenue for the federal government?
a. corporate income taxes and grants from state and local governments
b. personal income and payroll taxes
c. user charges and funds borrowed from the general public
d. corporate income and sales taxes
B
Economics
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An increase in the demand for green tea raises the price of green tea from $16 a pound to $20 a pound. As a result, quantity supplied increases by 30 percent. Using the midpoint formula, what is the value of the price elasticity of supply?
A) 1.35 B) 1.875 C) 2.22 D) 7.5
Economics
A decrease in default risk on corporate bonds ________ the demand for these bonds, and ________ the demand for default-free bonds, everything else held constant
A) increases; lowers B) lowers; increases C) does not change; greatly increases D) moderately lowers; does not change
Economics