The Major Source of Revenue for State Governments Is ________

question 29

Multiple Choice

The major source of revenue for state governments is ________ taxes.

• A) personal income
• B) sales
• C) property
• D) inheritance
• E) import

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Definitions:

Exporting

Is the process of making a product in the firm’s domestic marketplace and then selling it in another country. Exporting can involve both goods and services.

International Business Strategy

A plan of action that companies adopt to enter and compete in the global marketplace.

Trade Controls

Regulations and policies implemented by governments to oversee the import and export of goods and services, often for reasons of national security, economic protection, or foreign policy.

Labor Unions

Organizations that represent workers in negotiations with employers over wages, working conditions, and rights.