The incidence of a payroll tax is borne by both employers and employees.
Answer the following statement true (T) or false (F)
True
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Marginal cost curves and average cost curves are both purely upward sloping
a. True b. False Indicate whether the statement is true or false
The catch-up effect refers to the idea that poor countries, despite their best efforts, are not likely ever to experience the economic growth rates of wealthier countries
a. True b. False Indicate whether the statement is true or false
Which statement is true?
A. Income is fairly evenly distributed in the U.S. B. The richest 1% of our population has nearly 50% of the income. C. The percentage of Americans below the poverty line has been falling steadily (except for recession) since the 1950s. D. Eleven percent of the children under six living in a two parent home are poor.
Which of the following production inputs for a printing company would be considered a short-run variable?
a. the size of the company’s main plant b. the quantity of printing presses owned by the company c. the lease payments on the company’s facilities d. the type of paper the company uses in its printing