The Social Security tax is a tax on
a. capital.
b. labor.
c. land.
d. savings.
b
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Suppose that a price index in Latvia was 120 in 2015 and 150 in 2016. The inflation rate between those two years was approximately
A) 8 percent. B) 12.5 percent. C) 25 percent. D) 30 percent.
Does a stock certificate or a bond represent ownership of a company and a claim on its profits?
What will be an ideal response?
The input efficiency condition:
A. holds if at least one pair of firms share the same marginal rate of technical substitution between every pair of inputs. B. holds if at least one pair of consumers share the same marginal rate of substitution between two goods. C. holds if every pair of firms share the same marginal rate of technical substitution between every pair of inputs. D. holds if every pair of firms share the same marginal rate of substitution between two goods.
Which of the following is true about private goods?
A. They are rival in consumption. B. They can have external benefits. C. They are consumed by a single person or household. D. All of these are true.