A stock is part ownership in the company.
Answer the following statement true (T) or false (F)
True
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When there are positive externalities associated with the consumption of a good, we can expect the market
a. demand curve to lie above the social demand curve b. demand curve to lie below the social demand curve c. supply curve to lie above the social supply curve d. supply curve to lie below the social supply curve e. demand curve to lie below the social supply curve
Firms may react to a payroll tax by
A. substituting labor for capital. B. shifting to less capital intensive techniques. C. hiring more labor. D. reducing their output.
For the use of their capital in production, owners receive
a. wages. b. rent. c. interest. d. profit.
The tax deductibility of employer-provided health insurance is a primary factor in the spread of health insurance during the latter half of the twentieth century
a. True b. False