The payroll tax represents
A. the largest source of revenue in the federal budget.
B. the second largest source of revenue in the federal budget.
C. the third largest source of revenue in the federal budget.
D. the largest source of revenue in state government budgets.
Answer: B
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Which of the following type of shops is unlawful under the provisions of the Taft-Hartley Act?
A) union shops B) closed shops C) modified union shops D) open shops
Economic theory is sometimes referred to as marginalism or marginal analysis because
A) it deals with matters not central to most people's personal lives. B) it emphasizes the effects of additional benefits and additional costs. C) it has such a minor effect on political decisions. D) it is only useful when it is added to a large stock of other knowledge. E) it was created by abstracting from experience.
Capital per person in India is about six percent and per capita income is about eight percent of the U.S. level. Given that per capita income y = A , calculate the level of total factor productivity (A), relative to the U.S
level, that would be needed for India to match the U.S. level of per capita income. ( = 0.43)
An example of moral hazard is
a. A taxi driver paid per mile taking the shortest route b. a piece-rate garment worker shirking more than a per hour worker c. an hourly salesman working less hard than a commission salesman d. an author on contract going to as many book signings as one with a percentage royalty rate