Social Security taxes are regressive because
A) they apply only to rich people.
B) they are not applied to income beyond a certain amount.
C) they are applied to welfare recipients.
D) they are applied to retired people only.
Answer: B
You might also like to view...
If the institutions in an economy change from being inclusive to extractive, the return-to-entrepreneurship schedule in the economy will:
A) become horizontal. B) shift rightward. C) become vertical. D) shift leftward.
Economics deals with choices
A) that involve the wants of individuals. B) that involve what people only need to survive. C) that people make without self-motivated interest. D) that people normally do not make.
Foreign investors may wish to purchase U.S. assets for all of the following reasons except one. Which is the exception?
a. The rate of return on assets is higher in the United States than in other countries. b. They may wish to diversify their portfolios. c. The United States may be regarded as a relatively safer place in which to invest. d. Governments of most other industrialized countries actively discourage foreign investment. e. With their increased foreign debt burdens, investment in developing countries has become less attractive.
Environmental damage
a. cannot be reduced to zero. b. is inevitable where humans exist. c. tends to increase as long as benefits outweigh the costs to the damagers. d. All of the above are correct.