Subtracting all exemptions, except for _____, gives the taxpayer's adjusted gross income
a. capital gains exemptions
b. personal exemptions
c. business expenses exemptions
d. home office exemptions
b
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Which of the following is true?
a. The U.S. has a mandated vacation policy, everyone gets 2 weeks b. There is a trend towards downshifting, opting for a simpler life or at least considering it c. Europeans generally have shorter vacations that North Americans d. The workforce in the U.S. is getting younger
If trade corresponds to the Heckscher-Ohlin theory, which of the following is most likely to happen in the long run after a labor-abundant country engages in free trade?
A. The rate of unemployment in the country is most likely to increase. B. The capital to labor ratio used in production in the export sector will increase. C. The rental rates of capital will increase but the wage rates will decline. D. The total output in the economy will decline.
First-dollar insurance coverage means that:
A. some of the insured's expenses are covered. B. the first 10% of the insured's expenses are covered. C. all of the insured's expenses are covered. D. most of the insured's expenses are covered.
Adverse selection occurs in the health insurance market because:
A. it is difficult for insurance companies to distinguish between high risk and low risk customers. B. people cannot predict their future health status. C. the least healthy people are the least likely to acquire insurance. D. health care markets are unregulated.