Final Review: Question Preview (ID: 19765)

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All of the following are part of Market Structure EXCEPT?
a) Oligopoly b) Monopoly c) Pure d) Flat Tax
Many buyers and sellers, none being able to influence prices is what?
a) Oligopoly b) Monopoly c) Perfect Competition d) Monopsony
What amendment gave Congress the power to tax an individual's income?
a) Nineteenth b) Thirteenth c) Sixteenth d) Fourteenth
What is one problem with Fiscal Policy?
a) lacking of government b) It takes the right amount of taxes c) Very proportional d) Tends to affect certain groups
Sin tax affects what group of people?
a) Low Class b) Middle Class c) Both A B d) High class
What do Sin taxes have strongly detrimentally affect what?
a) local small businesses b) larger businesses c) corporate businesses d) All of the above
What is the largest source of federal government revenue?
a) Store income Tax b) Business income Tax c) Individual income tax d) none of the above
Will promoting open market and economic growth abroad help balance U.S. economy?
a) True b) False c) d)
All of the following are key solutions to balancing the economy EXCEPT?
a) Stop sales of key assets to foreign entities b) Not allowing individuals and companies to profit by selling out U.S c) Making less supplies for businesses d) Institute policies to cut back consumption
A balanced budget is when current expenditures are equal to the same recipients after a few months.
a) True b) False c) d)
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