A payroll tax is a tax on the:
A. earnings of individuals.
B. income earned by buying investments and selling them at a higher price.
C. wages paid to an employee.
D. value of a good or service being purchased.
C. wages paid to an employee.
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The global financial crisis of 2007-2008 resulted in a(n) ________ of the Swiss franc as foreign currency flowed ________ the country. As result, Swiss products became ________ competitive in world markets
A) depreciation; out of; more B) depreciation; into; more C) appreciation; out of; less D) depreciation; out of; less E) appreciation; into; less
If bundles of goods A and B lie on the same indifference curve, one can assume the individual:
a. prefers bundle A to bundle B. b. prefers bundle B to bundle A. c. enjoys bundle A and B equally. d. bundle A contains the same goods as bundle B.
A quarter is an example of commodity money because the metal used to manufacture it has some value
a. True b. False Indicate whether the statement is true or false
Economic welfare is generally measured by (i) profit. (ii) total surplus. (iii) the price consumers pay for the product
a. (i) and (ii) only b. (ii) and (iii) only c. (ii) only d. (i), (ii), and (iii)