Important source of revenue and major type of expenditure
What is the most important source of revenue and the major type of expenditure at the Federal level?
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At the Federal level, the most important source of revenue is the personal income tax. The main expenditure is for income security.
Perfect competition is characterized by all of the following except w) heavy advertising by individual sellers. x) homogeneous products. y) sellers are price takers. z) a horizontal demand curve for individual sellers. Q : Market system is a profit-and-loss Evaluate and explain the statements: “The market system is a profit-and-loss economy”
Evaluate and explain the statements: “The market system is a profit-and-loss economy”
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