As more people become self-employed, which allows them to determine how many hours they work per week, we would expect the deadweight loss from the Social Security tax to
a. increase, and the revenue generated from the tax to increase.
b. increase, and the revenue generated from the tax to decrease.
c. decrease, and the revenue generated from the tax to increase.
d. decrease, and the revenue generated from the tax to decrease.
b
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Restrictive covenants place constraints on the behavior of ________
A) borrowers B) lenders C) the central bank D) the executive branch of the federal government
Define the following terms and explain their importance to the study of macroeconomics. a. Structural budget deficit b. Monetize the deficit c. Crowding out d. Inflation accounting e. Mix of fiscal and monetary policy
What will be an ideal response?
Which of the following most accurately states the function of middlemen?
a. Middlemen add to the expense of buyers and sellers without providing any benefit. b. Our economy would work just as well without middlemen since they do not expand the availability of physical goods. c. Middlemen reduce the number of transactions since they increase the buyer's price and reduce the seller's net revenue. d. Middlemen create value by arranging trades and providing information to buyers and sellers.
____ of the price drops it has recorded happened on Tuesday and ___ on Wednesday.
Fill in the blank(s) with the appropriate word(s).