Which of the following is fully tax deductible (it is either subtracted or excluded from taxable income) under the current tax system of the United States?
a. out-of-pocket medical expenses
b. healthcare insurance purchased through one's employer
c. healthcare insurance purchased directly by an individual or family
d. all of the above
B
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What is the most an individual would be willing to pay on January 1st for a bond that promises to pay $500 at the end of the year for the next three years if the market rate of interest is 5 percent? Explain
What will be an ideal response?
Comment on the following statement: "A firm's demand for labor can be affected by the availability of other inputs."
What will be an ideal response?
The post-World War II record shows that recessionary gaps may be long-lasting because ____ tends not to occur
a. deflation b. reflation c. stagflation d. disinflation
If the price elasticity of demand for a good is 4, then a 12 percent decrease in price results in a
a. 0.33 percent increase in the quantity demanded. b. 3 percent increase in the quantity demanded. c. 30 percent increase in the quantity demanded. d. 48 percent increase in the quantity demanded.