Which of the following is false?
A. The federal government's fiscal year begins on October 1.
B. The largest federal government purchase of final goods and services is Social Security.
C. The corporate income tax is a direct tax.
B. The largest federal government purchase of final goods and services is Social Security.
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Legislators who must stand for re-election every two years will tend to support
A) policies beneficial to all the people eligible to vote. B) policies beneficial to all the people now living. C) policies beneficial to all present voters and future generations of voters. D) policies promising early benefits and deferred costs. E) policies representing the public interest.
Economics is the study of
A) how to own as many resources as possible. B) ceteris paribus. C) the way people think rather than the way they act. D) how people allocate their limited resources to satisfy their unlimited wants.