Social Security taxes are regressive because
A. they are not applied to income beyond a certain amount.
B. they are applied to welfare recipients.
C. they apply only to rich people.
D. they are applied to retired people only.
Answer: A
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If the case study on U.S. / China trade is correct in its analysis of factor abundance,
A) Chinese capital owners should see their income rise as trade increases. B) U.S. skilled labor inputs should see their incomes fall as trade increases. C) U.S. capital owners should see their income fall as trade increases. D) Chinese unskilled labor should see their income rise as trade increases.
The Grangers were:
a. an organization designed to support the interests of railroads. b. an agrarian society. c. an abolitionist organization. d. a society that petitioned for Prohibition.
If individuals who sit in the back of the classroom receive lower grades on average than the rest of the class, does that mean that sitting in the back of a classroom causes one to perform poorly on exams? a. Not necessarily. The reoccurrence of a certain relationship between two variables does not necessarily imply causation. b. It is not possible for an economist to determine causation
between variables. c. The reoccurrence of such a relationship is sufficient evidence that sitting in the back of a classroom will lead to lower grades. d. none of the above
Which of the following is not considered to be a private depository institution?
A. The Federal Reserve. B. Commercial banks. C. Mutual savings banks. D. Savings and loan associations.