A key lesson from the payroll tax is that the
a. tax is a tax solely on workers.
b. tax is a tax solely on firms that hire workers.
c. tax eliminates any wedge that might exist between the wage that firms pay and the wage that workers receive.
d. true burden of a tax cannot be legislated.
d
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The figure above shows the production possibilities frontiers for four nations that have identical production possibilities frontiers in the present. The one that will grow most rapidly in the future is most likely to be producing at point
A) A. B) B. C) C. D) D.
From the beginning of 1973 until August 2015, the value of the dollar has ________ relative to the Canadian dollar and ________ relative to the Japanese yen
A) depreciated; appreciated B) appreciated; depreciated C) depreciated; depreciated D) appreciated; appreciated
The benchmark, or reference, years used to calculate parity prices is
a. 1910–1914 b. 1920–1924 c. 1930–1934 d. 1940–1944 e. 1952–1956
The movement of rush-hour traffic demonstrates that
What will be an ideal response?