Under the intermediate set of assumptions of the Medicare Trustees Report, payroll taxes ________ cover the likely increase in Medicare expenses.
A. could be cut and still
B. would have to grow substantially to
C. would have to remain constant to
D. and sales tax would have to remain constant to
Answer: B
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How does a tax on labor income influence the equilibrium quantity of employment?
What will be an ideal response?
Open Market Operations refer to the buying and selling of
A. corporate equities. B. government securities. C. commodities. D. gold.
The distinguishing of products by brand name, color, and other attributes
A. leads to collusion. B. is known as interdependence. C. leads to many firms in the market. D. is known as product differentiation.
When resources are ____, increasing the production of one good causes a decrease in the production of the other.
Fill in the blank(s) with the appropriate word(s)