The Social Security system is financed by
A) a tax on individual retirement accounts.
B) a payroll tax paid only by employers.
C) a payroll tax paid by both employers and employees.
D) a tax on luxury goods.
Answer: C
You might also like to view...
Which of the following clearly restricts competition?
A) A government policy restricting entry into the market B) A government policy that reduces tariffs on foreign imports C) A business sets price below cost. D) A business sets price above cost. E) Any business pricing scheme that successfully draws customers away from its rivals
Identify the correct statement
a. A monopolist's pricing decision is limited by the demand for its product. b. A monopolist is able to choose any price and quantity combination that it desires. c. A monopolist can increase its profits by increasing price if the demand for its good is relatively elastic. d. A monopolist does not suffer losses even in the short run. e. A monopolist is not able to reap positive profits in the long run.
What are the benefits and costs associated with monopolistic competition?
What will be an ideal response?
The multiplier helps explain
A. why an increase in disposable income causes real Gross Domestic Product (GDP) to rise by less than the amount of the increase in disposable income. B. why a decrease in taxes causes real Gross Domestic Product (GDP) to fall by more than the amount of the decrease in taxes. C. why a rise in government expenditures causes real Gross Domestic Product (GDP) to rise by more than the amount of the increase in government spending. D. why a fall in investment cause real Gross Domestic Product (GDP) to rise by more than the amount of the decrease in investment.