A tax subsidy is involved in employer-financed health insurance because:
A. all working adults are covered by Medicare.
B. all working adults are covered by Medicaid.
C. employer payments for health insurance are not subject to income or payroll taxes.
D. corporations that provide health insurance pay lower corporate income tax rates.
Answer: C
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The relationship between the unemployment rate and inflation is studied under:
A) microeconomics. B) macroeconomics. C) behavioral economics. D) international economics.
Marginal utility theory shows us that water, which is very common, has a ________ marginal utility and a ________ total utility
A) small; large B) large; small C) large; large D) small; small
In a partnership, debts accumulated by one partner
A) are the responsibility of that partner only. B) are the responsibility of the other partners as well. C) are the responsibility of all the employees of the partnership, regardless of whether those employees are partners. D) are the responsibility of the other partners only up to the amount each partner initially invested in the partnership.
In the long-run, an increase in aggregate demand increases the price level, but not real GDP
a. True b. False Indicate whether the statement is true or false