The payroll tax for income earners at low income levels in the United States is
A. progressive.
B. uniform.
C. proportional.
D. regressive.
Answer: A
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Which of the following types of workers has decreased as a percentage of the U.S. labor force in recent decades?
a. skilled workers. b. unskilled workers. c. semiskilled workers. d. clerical workers.
Price elasticity of demand measured over a range of prices and quantities along the demand curve is _____
a. point elasticity b. arc elasticity c. income elasticity d. cross elasticity e. price elasticity
If one firm in a perfectly competitive market doubled its output, market
a. demand would double b. demand would increase by 50 percent c. supply would double d. supply would increase by 50 percent e. supply would not be appreciably affected