Since its inception in 1913, there have been many revisions to the income tax code.
A. True
B. False
C. Uncertain
A. True
You might also like to view...
Implicit cost is the opportunity cost of the inputs that do not require monetary payment.
Answer the following statement true (T) or false (F)
Health insurance often pays 80 percent of health care cost. This situation will encourage the rational consumer to:
A. Consume less health care because the cost is too expensive B. Obtain health insurance that pays less than 80 percent of medical care costs C. Use more medical services than they would if they had to paid the full price D. Eliminate their health care coverage because it does not cover 100 percent of the cost
Which of the following is true of the United States?
a. It has been and continues to be a net capital exporter. b. It is today the world's largest debtor nation. c. It was, until the last decade, a net capital importer. d. It has historically been a debtor nation. e. It is the world's largest creditor nation.
You would expect the cross elasticity between tennis racquets and tennis balls to be
a. negative b. positive c. zero d. one e. infinite