The largest single source of revenue for the federal government is the
a. corporate income tax.
b. federal excise tax.
c. personal income tax.
d. Social Security tax.
c
Economics
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When economic profit is positive,
A. the firm's owners experience a decrease in their wealth. B. total revenue exceeds total economic cost. C. the firm's owners have successfully solved the principle-agent problem. D. foreign companies experience loss of market share
Economics
When firms are interdependent,
A. Then the market is perfectly competitive. B. They can act independently of one another. C. One firm can ignore other companies in the market when making decisions. D. The profit of one firm depends on how its rivals respond to its strategic decisions.
Economics