Over the Long Run, a Government's Fundamental Source of Revenues

question 172

Multiple Choice

Over the long run, a government's fundamental source of revenues is

• A) printing money.
• B) user fees and taxes.
• C) exports.
• D) gold sales.

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Definitions:

Marginal Product

The additional output generated by employing one more unit of a particular input, holding all other inputs constant.

Hiring Labor

The process of engaging individuals to perform services or work for compensation.

Stock Prices

The current market price of a share of a company's stock, reflecting investor perceptions of the company's future financial prospects.

Workers' Wealth

The accumulation of financial and material assets by individuals employed in various occupations, minus their liabilities.