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.
B
You might also like to view...
Refer to the above figure. At a price of three cents, a(n) ________ of bubble gum will exist in the market
A) surplus B) shortage C) equilibrium quantity D) excess quantity supplied
A college student is thinking about running an ice-cream truck over the summer. Which of the following would likely be included in the total cost of the business?
A. The cost of the truck B. The cost of ice cream cones C. The opportunity cost of the student's time D. All of these would be included in total cost.
The absence of unexpected shocks, the economy will tend to experience:
A. positive, noninflationary growth. B. no changes in output or prices. C. positive growth with mild amounts of deflation. D. positive growth with mild amounts of inflation.
Recall the Economics in Practice on p. 371: According to a study discussed in the Economics in Practice, ________ matters in terms of an individual's future earnings.
A. teacher quality B. the gender of teachers C. the age of teachers D. class size