Social Security payroll taxes are examples of
a. progressive taxation.
b. regressive taxation.
c. proportional taxation.
d. marginal taxes.
b
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Which of the following statements is correct?
a. Productivity is a determinant of human capital per worker. b. Technological knowledge is a determinant of productivity. c. Human capital and technological knowledge are the same thing. d. All of the above are correct.
If the elasticity for yachts is three, a tax on yachts will ___________ total revenue.
Fill in the blank(s) with the appropriate word(s).
If the graph shown is displaying a competitive labor market:
A. P* would represent the equilibrium wage. B. S would represent the workers' willingness to supply labor at every wage. C. Q* would represent total employment in the market. D. All of these statements are true.
"Stocks and bonds" are collectively known as
A. shares. B. real property. C. equities. D. securities.