Social Security benefits are funded by
A. special taxes on corporate profits.
B. property taxes and user taxes.
C. a payroll tax with equal contributions from employer and employees and by self-employment taxes.
D. a special tax on corporate profits and approximately 10 percent of general sales taxes.
C. a payroll tax with equal contributions from employer and employees and by self-employment taxes.
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Economic growth due to labor force expansion or capital investments will result in I. A leftward shift of short-run aggregate supply. II. A rightward shift in long-run aggregate supply
A) I only B) II only C) Both I and II D) Neither I nor II
A production function represents:
A. the relative costs of the inputs across various modes of production. B. the relationship between the quantity of inputs and the quantity of outputs. C. the relative values of the inputs and modes of production. D. the relationship between the cost of the inputs and the revenue generated by the outputs.
The higher an industry's concentration ratio is, the more competitive the industry is.
Answer the following statement true (T) or false (F)
Compare the special-interest effect with rent-seeking
Please provide the best answer for the statement.