Which of the following types of income are subject to FICA taxes?
A. Capital gains
B. Tips
C. Interest income
D. Inheritance
Answer: B
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A change in the equilibrium in one market which affects other markets is known as _____________________
Fill in the blank(s) with the appropriate word(s).
To economists, the term that means "extra", "changes in" is ____________.
Fill in the blank(s) with the appropriate word(s).
Baseball teams shut down in the winter. This is an example of
A) permanently leaving the industry because price is less than average fixed cost. B) temporarily leaving the industry because price is less than average variable cost. C) temporarily leaving the industry because price is less than average fixed cost. D) permanently leaving the industry because price is less than average variable cost.
Which of the following will shift the short-run industry supply curve of a perfectly competitive industry?
A. an increase in consumer income B. an increase in demand for the product C. an increase in the price of the product D. a decrease in the price of an input