A key problem facing Sub-Saharan Africa in terms of human capital is health.
Answer the following statement true (T) or false (F)
True
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A worker pays a tax for Social Security at a constant rate up until a certain level of income is reached. Beyond that income level, no more Social Security tax is paid. The Social Security tax is an example of a
A) progressive tax. B) regressive tax. C) proportional tax. D) sales tax.
Research suggests that about ______ percent of people living under the poverty line in any given year are chronically poor.
A. 3 B. 8 C. 13 D. 38
Under perfect competition, the price of a depletable resource whose cost of extraction is not changing must rise at
A. the same rate as the increase in GDP. B. the same rate as the increase in consumer prices. C. the same rate as the rate of interest. D. a rate higher than the increase in the rate of interest.
Refer to the above figure. Government policy that moved the economy from A to B would be accomplished by
A. an expansionary fiscal policy combined with a contractionary monetary policy. B. a contractionary fiscal policy combined with an expansionary monetary policy. C. raising the minimum wage. D. a contractionary policy that would reduce the rate of inflation and would cause workers to remain unemployed longer than they were before.