If labor supply is very elastic, the payroll tax is
A. borne mostly by the employer.
B. borne mostly by the workers.
C. borne entirely by the employer.
D. split evenly between the employer and the workers.
Answer: A
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The costs of inflation depend upon
A) whether it is anticipated or unanticipated. B) who pays it and who receives it. C) the future savings rate. D) none of the above.
Piketty's analysis concludes that unequal ownership of capital, rather than unequal pay, is responsible for notably high levels of inequality in the decades since the 1980s
a. True b. False Indicate whether the statement is true or false
A unit bank is a bank that:
A. only offers savings accounts. B. has no branches. C. only makes one type of loan, (i.e.; home mortgages.) D. provides a myriad of financial services, so customers get all or most of their financial needs taken care of at the bank.
The efficient price of a license fee is determined by the difference between
a. Marginal revenue and marginal cost b. Average revenue and marginal cost c. Total revenue and total cost d. Average revenue and total cost e. Total revenue and marginal cost