2. What is one source of revenue for the federal government to pay for public goods and services?
A - property taxes
B- sales taxes
C- income taxes
D- excise taxes
I think it's c !
3. What is one the things the federal reserve system does?
A- set income tax rates at the federal level
B- influence interest rates
C- decide who can open bank accounts
D- give loans to bank customers
I think it's a !
So it's d?
Please check all my answers..
1- for the additional green spaces to be considered public services, what must be true my answer is A.
4- how might the government deal with a huge company that has no competitors and is charging customers high prices? My answer is D.
And number 5- what is likely effect of this change in tax policy? My answer is also D.
2. yes
3. no
To determine the correct answer, let's break down each option and understand their functions:
2. One source of revenue for the federal government to pay for public goods and services is:
A - Property taxes: Property taxes are collected by local governments, not the federal government.
B - Sales taxes: Sales taxes are also collected by state and local governments, not the federal government.
C - Income taxes: Yes, income taxes are a significant source of revenue for the federal government. Individuals and businesses pay a portion of their income to the federal government in the form of income taxes.
D - Excise taxes: Excise taxes are taxes levied on specific goods and services, but they are not the primary source of revenue for the federal government.
Therefore, the correct answer is C - Income taxes.
3. The Federal Reserve System is responsible for several key functions, including:
A - Setting income tax rates at the federal level: No, setting income tax rates is the responsibility of Congress and the Department of Treasury.
B - Influencing interest rates: Yes, this is one of the primary functions of the Federal Reserve. They regulate and manage monetary policy to influence interest rates in the economy.
C - Deciding who can open bank accounts: No, the Federal Reserve does not decide who can open bank accounts. This responsibility lies with banks and regulatory bodies.
D - Giving loans to bank customers: No, the Federal Reserve does not directly give loans to bank customers. Instead, they provide loans to banks themselves to manage the overall money supply in the economy.
Thus, the correct answer is B - Influencing interest rates.
3 is not b. I've checked two of your guesses; you're on your own now. Please do not post this question again.
I do not know your answer choices for the others. Did you know that teachers frequently change the order of questions and answer choices?