In 2009, the lowest quintile of income earners paid about
a. 1 percent of income as taxes and paid less than 1 percent of all taxes.
b. 5 percent of income as taxes and paid less than 1 percent of all taxes.
c. 1 percent of income as taxes and paid about 5 percent of all taxes.
d. 5 percent of income as taxes and paid about 5 percent of all taxes.
a
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One of the monetary policy goals of the Federal Reserve is price stability
Indicate whether the statement is true or false
The infant industry argument for protectionism suggest that an industry must be protected in the early stages of its development so that: a. firms will be protected from subsidized foreign competition
b. domestic producers can attain the economies of scale to allow them to compete in world markets. c. there will be adequate supplies of crucial resources in case they are needed for national defense. d. domestic unemployment will be reduced.