The four federal taxes that together accounted for 88 percent of all federal government tax receipts in 2013 were:
A) individual income tax, corporate income tax, property tax, and sales tax.
B) corporate income tax, national consumption tax, estate tax, and social security tax.
C) individual income tax, social security tax, corporate income tax, and Medicare tax.
D) social security tax, Medicare tax, estate tax, and corporate income tax.
E) none of the above
C
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The demand curve shown in the figure above is ________ over the price range from $95 to $105 per unit
A) perfectly elastic B) perfectly inelastic C) unit elastic D) elastic but not perfectly elastic E) inelastic but not perfectly inelastic
The above figure shows the cost curves for a typical firm in a market and three possible market supply curves. If there are 100 identical firms, the market supply curve is best represented by
A) curve A. B) curve B. C) curve C. D) either curve A or B, but definitely not C.