Under federal tax law, employer-provided health insurance is not subject to taxation.
A. True
B. False
C. Uncertain
A. True
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Open market operations are when the Fed buys or sells
A) government securities from the government. B) corporate securities from banks or some other business. C) government securities from banks or some other business. D) corporate securities from the government. E) gold.
If the marginal propensity to save is 0.25, then a $10,000 decrease in disposable income will
A) increase consumption by $7,500. B) decrease consumption by $2,500. C) increase consumption by $2,500. D) decrease consumption by $7,500.
If a tax is progressive, the average tax rate
a. remains the same as income rises. b. rises as income rises. c. falls as income rises. d. falls with passage of time.
Which of the following is always true in competitive price-taker markets?
a. There are more sellers than buyers. b. Barriers to entry into the market are low. c. The products of firms in the industry are differentiated. d. The firms never earn economic profit.