Unformatted text preview: compete with each other? 7. What is an externality? Give an example of a negative and positive externality. 8. According to lecture, why – and when -- was Social Security and Medicare created? 9. What is the “Full Employment Act” and when was it passed? 10. What are the primary expenditures of the Federal Government? 11. How do marginal and effective tax rates today compare to what we saw in the past few decades? 12. How do taxes in the United States compare to other industrialized nations? 13. What taxes primarily fund the Federal Government? When were these taxes established? 14. What taxes primarily fund state and local governments? 15. What are the expenditures of state and local governments?...
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This note was uploaded on 09/21/2011 for the course ECON 33974 taught by Professor Barbaraross during the Spring '09 term at Hawaii.
- Spring '09