When it comes to taxes, which of the following statements is true?
a. There is much agreement on what is the best type of tax, but not much agreement on the tax rates.
b. Income taxes provide the most consistent stream of revenue for the government.
c. Overall, there is considerable disagreement over what is the best type of tax.
d. Sales taxes are the primary mechanism by which the federal government raises revenues.
Question 2
The Great Depression pitted economists favoring __________ against those favoring __________.
a. regulatory policy; deregulation
b. monetary policy; fiscal policy
c. protectionism; free trade
d. laissez-faire economics; Keynesian economics
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