Answer: D) Many small businesses will be forced to close.
The United States Congress passes a law requiring that all businesses, regardless of size, pay 100% of employees' healthcare costs. What is a likely result of this action?
A) Businesses will hire more workers.
B) Congress will collect more tax revenue.
C) Big Businesses will earn greater profits.
D) Many small businesses will be forced to close.
Economics
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Positive analysis:
A. determines whether the consequences of a policy are desirable. B. recommends whether a policy should be implemented. C. aims at determining only the economic consequences of a particular policy. D. depends on the analyst's values.
Economics
The actual price level is assumed to be constant along a given short-run aggregate supply curve
a. True b. False Indicate whether the statement is true or false
Economics
When a tax is placed on sellers, the actual incidence:
A. falls solely on the seller. B. falls solely on the buyer. C. may be shared between the seller and buyer. D. is higher because it is being placed on the seller.
Economics
What combination of changes would most likely decrease the equilibrium price?
A. When supply decreases and demand increases B. When demand increases and supply increases C. When demand decreases and supply decreases D. When supply increases and demand decreases
Economics