1. True or false The public sector today is smaller than it was 50 years ago 2.

ID: 1167589 • Letter: 1

Question

1. True or false

The public sector today is smaller than it was 50 years ago

2. Offshoring has mainly

Cost the U.S. government jobs.

Cost the U.S. service sector jobs.

Cost the U.S. financial sector jobs.

Cost the U.S. manufacturing jobs.

3. Which of the following statements does NOT apply to the U.S. tax structure?

The individual income tax system is progressive.

The major sources of revenue for the federal government differ from the major sources of revenue for state and local governments.

4. International trade

Allows countries to specialize in the goods at which they are best at producing.

General sales taxes are often regressive depending on exemptions.

The public sector today is smaller than it was 50 years ago – False

Offshoring has mainly cost the U.S. service sector jobs.

Ans 3 – The major sources of revenue for the federal government differ from the major sources of revenue for state and local government.

Ans 4 – all of the above.

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