Question 1

Which of the following taxes is most clearly based on the benefits-received principle of taxation?

Accepted Answer

A) corporate income tax 
B) gasoline tax 
C) personal income tax 
D) payroll tax 
E) value added tax 
A) corporate income tax 
B) gasoline tax 
C) personal income tax 
D) payroll tax 
E) value added tax

Question 2

If the value of the euro increases relative to the U.S.dollar,then French goods will be less expensive in the U.S.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following would not describe two thirds of the for-profit businesses in the United States as measured by sheer number of firms?

Accepted Answer

A) small retail businesses 
B) small service operations 
C) part-time home-based businesses 
D) small farms 
E) multinational corporation 
A) small retail businesses 
B) small service operations 
C) part-time home-based businesses 
D) small farms 
E) multinational corporation

Question 4

The movement in U.S.population from the farms to urban areas was caused primarily by

Accepted Answer

A) each member of a farm family specializing in a particular set of tasks 
B) a sharp increase in farm productivity 
C) a decline in the demand for labor in urban areas 
D) a sharp decline in the demand for agricultural products 
E) increased education among married women 
A) each member of a farm family specializing in a particular set of tasks 
B) a sharp increase in farm productivity 
C) a decline in the demand for labor in urban areas 
D) a sharp decline in the demand for agricultural products 
E) increased education among married women

Question 5

Often trade will not occur because

Accepted Answer

A) transaction costs are too high 
B) neither party has an opportunity cost 
C) the benefits to one party just equal the losses to the other party 
D) no one expects to gain from the trade 
E) the profits of the firm are excessive 
A) transaction costs are too high 
B) neither party has an opportunity cost 
C) the benefits to one party just equal the losses to the other party 
D) no one expects to gain from the trade 
E) the profits of the firm are excessive

Question 6

Which of the following is a justification for taxes?

Accepted Answer

A) the ability-to-pay principle 
B) the progressive tax principle 
C) the proportional tax principle 
D) the regressive tax principle 
E) the desire of the government to spend more funds 
A) the ability-to-pay principle 
B) the progressive tax principle 
C) the proportional tax principle 
D) the regressive tax principle 
E) the desire of the government to spend more funds

Question 7

Which of the following is the best example of the ownership of the resource called capital

Accepted Answer

A) John Smith's ownership of 10 shares of a manufacturer of farm tractors 
B) Pogo O'Reilly's ownership of 10 shares of a natural gas extraction company 
C) Helen Restock's ownership of a $10,000 savings bond 
D) Abe Hawthorne's college degree in marketing 
E) Ann Stump's creative,risk-taking personality 
A) John Smith's ownership of 10 shares of a manufacturer of farm tractors 
B) Pogo O'Reilly's ownership of 10 shares of a natural gas extraction company 
C) Helen Restock's ownership of a $10,000 savings bond 
D) Abe Hawthorne's college degree in marketing 
E) Ann Stump's creative,risk-taking personality

Which of the following taxes is most clearly based on the benefits-received principle of taxation?

If the value of the euro increases relative to the U.S.dollar,then French goods will be less expensive in the U.S.

Which of the following would not describe two thirds of the for-profit businesses in the United States as measured by sheer number of firms?

The movement in U.S.population from the farms to urban areas was caused primarily by

Often trade will not occur because

Which of the following is a justification for taxes?

Which of the following is the best example of the ownership of the resource called capital

The Art and Science of Economic Analysis

Economic Tools and Economics Systems

Demand, supply, and Markets

Introduction to Macroeconomics

Tracking the Useconomy

Unemployment and Inflation

Productivity and Growth

Aaggregate Expenditure and Aggregate Demand

Baggregate Expenditure and Aggregate Demand

Aggregate Supply

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy

Macro Policy Debate: Active or Passive

International Trade

Externalities and the Environment

International Finance

Economic Development

understanding Graphs

National Income Accounts

The Algebra of Demand-Side Equilibrium

Filters

Exam 3: Economic Decision Makers

Which of the following taxes is most clearly based on the benefits-received principle of taxation?

If the value of the euro increases relative to the U.S.dollar,then French goods will be less expensive in the U.S.

Which of the following would not describe two thirds of the for-profit businesses in the United States as measured by sheer number of firms?

The movement in U.S.population from the farms to urban areas was caused primarily by

Often trade will not occur because

Which of the following is a justification for taxes?

Which of the following is the best example of the ownership of the resource called capital

The Art and Science of Economic Analysis

Economic Tools and Economics Systems

Demand, supply, and Markets

Introduction to Macroeconomics

Tracking the Useconomy

Unemployment and Inflation

Productivity and Growth

Aaggregate Expenditure and Aggregate Demand

Baggregate Expenditure and Aggregate Demand

Aggregate Supply

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy

Macro Policy Debate: Active or Passive

International Trade

Externalities and the Environment

International Finance

Economic Development

understanding Graphs

National Income Accounts

The Algebra of Demand-Side Equilibrium

Filters