The Largest Source of Federal Government Revenue in 2012 Was

question 223

Multiple Choice

The largest source of federal government revenue in 2012 was

• A)sales taxes.
• B)corporate income taxes.
• C)individual income taxes.
• D)payroll taxes to fund Social Security and Medicare programs.

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Definitions:

Press the Button

A metaphorical phrase often used to describe initiating a process or action with a simple, decisive move.

Payoff

represents the return or outcome received from a certain action or investment.

Pure Strategy Equilibria

A situation in game theory where each player has a single strategy, which is their best response to the strategies of the other players, leading to a stable outcome.

Mixed Strategy

A strategic choice in game theory where a player chooses between different strategies in a probabilistic manner rather than sticking to a single strategy.