Payroll tax is a proportional tax.
Answer the following statement true (T) or false (F)
False
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Relative-price variability
a. rises with inflation, leading to an improved allocation of resources. b. rises with inflation, leading to a misallocation of resources. c. falls with inflation, leading to an improved allocation of resources. d. falls with inflation, leading to a misallocation of resources.
Of the following, what muscle is superior to the other three?
A. Gastrocnemius B. Intercostals C. Sternocleidomastoid D. Trapezius
If a country has a comparative advantage in the production of a good:
A) it can produce that good at a lower opportunity cost. B) it will find trade most beneficial when it trades with another country that has a comparative advantage in the same good. C) it will not find trade beneficial because other country(ies) won't have a comparative advantage in other goods. D) it must also have an absolute advantage in the good.
Social Security taxes are paid by
A. neither employers nor employees. B. both employers and employees. C. employers only. D. employees only.