Author Question: State and local governments receive most of their revenue from A) sales and excise taxes, revenue ... (Read 122 times)

EAugust · **on:** Jun 29, 2018

State and local governments receive most of their revenue from

A) sales and excise taxes, revenue from the federal government, and property taxes.
B) individual income taxes, social insurance contributions, and property taxes.
C) corporate income taxes, property taxes, and personal income taxes.
D) property taxes, sales and excise taxes, and Social Security contribution.

Question 2

Holding all variables constant but one and assessing the impact of the one variable that has changed is an example of using

A) the ceteris paribus assumption.
B) an economic model based on unrealistic assumptions.
C) a flawed economic model.
D) an untestable proposition.