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Published by lilylikesturtle

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Published by: lilylikesturtle on Apr 20, 2012
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04/26/2015

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1)
 
Correct
All of these
are sources of state revenue
. While park fees are voluntary, it is almost impossible to avoid sales taxes, and it is illegal to avoid income taxes.Also, park state revenue.
1)
· park entry fees· sales tax· individual income taxWhat do ALL of these have in common?A) they are mainly voluntary chargesB) they are sources of state revenueC) they are examples of graduated taxesD)they are responsible for equal amounts of revenue
In a market economy, a high price is a signal forA)
producers to supply less and consumers to buy less.
B)
producers to supply less and consumers to buy more.
C)
producers to supply more and consumers to buy less.
D)
producers to supply more and consumers to buy more.
Macroeconomic Concepts(SSEMA1) Economic Activi
 
 Stats QuestionFeedback (SSEMA2) Federal Reserve(SSEMA3) Fiscal Policy
2)
 
Correct
The characteristic ocapitalism that buyers and sellers will freely and willing exchange inmarkettransaction is called
voluntary exchange.
This combines with "profi
 
working.
2)
In 1776 with
 An Inquiry into the Nature and Causes of the Wealth of Nations
, Adam Smith challenged the prevailing belief in mercantilist policiebuyers and sellers will freely and willingly exchange in market transaction is calledA) profit motive.B) economic freedom.C) voluntary exchange.D) entrepreneurial spirit.Stats Question Feedback  Fundamental Economic Concepts(SSEF4) Economic Systems
3)
 
Correct
Even though Australia is mostly a market economy,the government does get involved. Because of this, the economy is technically a
mixed economy.
 
 
3)
Even though Australia has great economic freedom, the government requires some products to meet safety and manufacturing standards. Thican BEST be classified as a
 
 
A) mixed economy.
4)
 
Why does the author feel standards are such a vital issue?A)
Standards affect over 80 percent of global commodity trade.
B)
U.S. standards limit U.S. companies from participating in the Chinese software industry.
C)
Standards should be raised, increasing U.S. trade barriers to combat inferior foreign goods.
D)
U.S. exports to China have exceeded imports from China, and higher standards have a negative affect.
An economy experiencing high levels of unemployment would most likely be producing at which point?A)
point A
B)
point B
C)
point C
Which of these factors should consumers research FIRST when they receive a credit card offer with a lowintroductory rate?A)
the APR after the introductory period expires
Productivity may BEST be defined as

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