Efficiency means everyone in the economy should receive an equal share of the goods and services produced
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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The government could increase Social Security tax revenues by raising the payroll tax cap beyond its current $110,000
Indicate whether the statement is true or false
Economics
What is the most important factor that explains differences in living standards among countries?
a. labor unions b. minimum wage laws c. productivity d. efficiency
Economics
Describe the connections between rising income and environmental and social indicators. Which indicators improve and which worsen as national income rises?
What will be an ideal response?
Economics
What percentage of United States personal income in 2017 came from ownership of property?
A. 9% B. 28% C. 51% D. 64%
Economics