Net Capital Outflow

question 35

Multiple Choice

Net capital outflow

• A)is always greater than net exports.
• B)is always less than net exports.
• C)is always equal to net exports.
• D)could be any of the above.

Identify the principle responsibilities of government in managing tax revenues and expenditures.

Distinguish between the efficiency loss of a tax and the tax revenue collected by the government.

Comprehend how taxes impact income distribution and inequality.

Understand how the elasticity of demand and supply affects the burden of a tax.

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Definitions:

Nicola Sacco

An Italian-American anarchist famously trial and executed alongside Bartolomeo Vanzetti in a controversial case that highlighted American fears of immigrants and radicals in the early 20th century.

Bartolomeo Vanzetti

An Italian-American anarchist, who was controversially convicted and executed for murder, sparking worldwide protests in the early 20th century.

Arsène Pujo

A Congressman from Louisiana who led the Pujo Committee during its investigation of the "money trust," exposing the control of America's money and credit by a few financiers in the early 20th century.