1.
The fears of people concerning the size of government are
a.always without any foundation
b. well-founded in some instances and not well-founded in some instances.
c.difficult to appreciate
d.due to low income and low educational levels of many people
e.based solely on economic efficiency
2.
Proportional tax rates mean that the ratio of tax collection to income
a.falls as income rises
b.rises, and income rises
c.remains the same as income rises
d.rises as income falls
e.falls as income falls
3.
Which of the following countries has the lowest taxes collected (as a percent of GDP)?
a.United States
b.Germany
c.France
d.Italy
e.United Kingdom
4.
If a government bond with a maturity value of $10,000 sells for $9,000 and pays annual interest of $1,000, what is the rate of interest on the bond?
a.1%
b.10%
c.11.1%
d.88.9%
e.90%
b-e-a-c?????
The fears of people concerning the size of government are
a.always without any foundation
b. well-founded in some instances and not well-founded in some instances.
c.difficult to appreciate
d.due to low income and low educational levels of many people
e.based solely on economic efficiency
2.
Proportional tax rates mean that the ratio of tax collection to income
a.falls as income rises
b.rises, and income rises
c.remains the same as income rises
d.rises as income falls
e.falls as income falls
3.
Which of the following countries has the lowest taxes collected (as a percent of GDP)?
a.United States
b.Germany
c.France
d.Italy
e.United Kingdom
4.
If a government bond with a maturity value of $10,000 sells for $9,000 and pays annual interest of $1,000, what is the rate of interest on the bond?
a.1%
b.10%
c.11.1%
d.88.9%
e.90%
b-e-a-c?????