The Largest Source of Revenue for the Federal Government of the United

question 211

Multiple Choice

The largest source of revenue for the federal government of the United States is from

• A)tariffs collected on imported goods.
• B)property taxes imposed on private property.
• C)sales taxes on items purchased for consumption.
• D)individual income taxes.

---

Definitions:

Monetary Policy

A strategy implemented by a country's central bank to control the money supply, often targeting inflation or interest rates to promote economic stability and growth.

Phillips Curve Relationship

This relationship indicates an inverse correlation between unemployment rates and inflation, suggesting that lower unemployment leads to higher inflation and vice versa.

Economists

Professionals who study the production, distribution, and consumption of goods and services, often analyzing economic issues and trends.

Trade-offs

The evaluation and choice between competing alternatives in situations where having one benefit often means giving up another.