The payroll tax for Social Security in the United States is
A. proportional.
B. uniform.
C. regressive.
D. progressive.
Answer: C
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Explain the assumption of free disposal as it applies to indifference curve analysis
What will be an ideal response?
External economies of scale arise when the cost per unit
A) falls as the industry grows larger and rises as the average firm grows larger. B) rises as the industry grows larger and falls as the average firm grows larger. C) falls as the industry and the average firm grows larger. D) remains constant over a broad range of output. E) rises as the industry and the average firm grows larger.
In July 2018 President Trump acted on recommendations from the Commerce Department and imposed 25 percent tariffs on 818 Chinese products exported to the United States in retaliation for the Chinese government's
A. nationalization of U.S. firms located in China. B. unfair policies and practices toward U.S. intellectual property such as patents, copyrights, and trade secrets. C. direct foreign investment in the United States. D. support of North Korea's nuclear weapons program.
Naturally occurring diamonds are an example of
A) land. B) labor. C) physical capital. D) human capital.