Unlike social insurance taxes, income taxes are paid on wages only.
Answer the following statement true (T) or false (F)
False
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If the demand for one good decreases when the price of another good increases, the two goods are ________ goods
A) normal B) inferior C) complementary D) substitute
A tariff on imported goods produced by an unlimited industry could benefit the members of the domestic union since the tariff would most likely
A) lower the price of the output that workers purchase. B) lower the domestic production of the good and increase wages. C) increase the demand for domestic, union-made goods. D) decrease the cost of the imported goods.
What type(s) of individual will always choose a risk-free basket when offered a bet at fair odds?
a. A risk-neutral individual. b. A risk-averse individual. c. A risk-preferring individual. d. Risk-neutral and risk-averse individuals.
A cartel is a group of consumers that tries to act together to increase their bargaining power.
a. true b. false