Labor payments generally represent ________ of income payments
A) one-fourth B) three-fourths C) one-third D) two-thirds
D
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If free trade is opened between two countries, then one country must gain at the other country's expense
a. True b. False Indicate whether the statement is true or false
A key lesson from the payroll tax is that the
a. tax is a tax solely on workers. b. tax is a tax solely on firms that hire workers. c. tax eliminates any wedge that might exist between the wage that firms pay and the wage that workers receive. d. true burden of a tax cannot be legislated.
As far as contributions to a professional sports team's bottom line are concerned, players generally receive
a. about what they are worth. b. about half of what they are worth. c. about ten times more than what they are worth. d. about twice what they are worth.
Which of the following achieves the efficient use of a common resource?
a) property rights, individual transferable quotas, and subsidies b) individual transferable quotas and copyrights c) property rights, quotas, and individuals transferable quotas d) property rights, quotas, and subsidies