An example of a payroll tax in the United States is
A) taxes on corporate profit. B) Social Security taxes.
C) property taxes on real estate. D) excise taxes on gasoline.
B
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Which of the following statements best describes the U.S. high school graduation rate?
a. As recently as 1970, only about half of U.S. adults had at least a high school diploma; by the start of the twenty-first century, more than 90% of adults had graduated from high school. b. As recently as 1980, only about half of U.S. adults had at least a high school diploma; by the start of the twenty-first century, more than 80% of adults had graduated from high school. c. As recently as 1970, only about half of U.S. adults had at least a high school diploma; by the start of the twenty-first century, more than 70% of adults had graduated from high school. d. As recently as 1970, only about half of U.S. adults had at least a high school diploma; by the start of the twenty-first century, more than 60% of adults had graduated from high school.
One of the most significant developments in labor supply in recent times is the increase in the labor force participation of married women.
Answer the following statement true (T) or false (F)
The relationship of dead capital to inefficient production is
A. that outdated equipment will lead to inefficient production. B. nonexistent since the capital is already dead. C. that without clear ownership it is not possible to sell or transfer a resource so that it can be used efficiently. D. that when the dead capital is replaced by more technologically advanced capital, economic growth occurs.
If the price level decreases, then the aggregate expenditures schedule will shift and this translates into a:
A. Movement down along the aggregate demand curve B. Shift in aggregate demand to the right C. Shift in aggregate demand to the left D. Movement up along the aggregate demand curve