The actual incidence of payroll taxes, in the consensus view, is:
A. Split evenly between the worker and the employer
B. More on the employer than on the worker
C. More on the worker than on the employer
D. All on the employer, who remits the tax to the government
C. More on the worker than on the employer
You might also like to view...
Refer to the scenario above. If both economies have identical depreciation rate, then:
A) economy A's steady state equilibrium will lie to the left and above economy B's steady state equilibrium. B) economy A's steady state equilibrium will lie to the right and below economy B's steady state equilibrium. C) economy A's steady state equilibrium will lie to the left and below economy B's steady state equilibrium. D) economy A's steady state equilibrium will lie to the right and above economy B's steady state equilibrium.
In the first quarter of 2009, the United States trade deficit fell to its lowest level in a decade. This means that
A) the United States imported more from the rest of the world than it exported to the rest of the world. B) foreign countries exported more to the United States than they imported from the rest of the world. C) foreign countries imported more from the United States than they exported to the United States. D) the United States exported more to foreign countries than it imported from the rest of the world.
The father of modern economics that wrote The Wealth of Nations is:
a. Karl Marx b. John Maynard Keynes c. Adam Smith d. Thorstein Veblen
Long-term productivity growth trends have resulted in the
a. increased predominance of the British economy. b. relative decline of the U.S. relative to the U.K. c. relative decline of the Japanese economy. d. relative growth of the Japanese economy.