Which of the following is true about a payroll tax?

A. It reduces the net wage to employees.
B. It results in more workers being employed.
C. It shifts the labor supply curve to the right.
D. It reduces the nominal cost of labor.


Answer: A

Economics

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If you have a checking account at First National Bank, the account is

A) an asset to both you and First National. B) a liability to both you and First National. C) an asset to First National and a liability to you. D) an asset to you and a liability to First National.

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Approximately what percentage of local government expenditures goes to finance education?

A. 36. B. 44. C. 53. D. 69.

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The pattern of recession, recovery, and expansion is called the business cycle.

Answer the following statement true (T) or false (F)

Economics

Most of what we buy and sell never makes it out of domestic markets

Indicate whether the statement is true or false

Economics