Social insurance taxes are paid by corporations based on their profits.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Voting against ones preferences in the initial round of a runoff election in order to prevent the selection of an undesirable alternative in the final round is called
A) ballot manipulation. B) strategic voting. C) naive voting. D) the voting paradox.
When referring to "marginal" changes, the economic focus is on:
A. changes which affect only a few people or products. B. large changes on the low end. C. graduated changes on the high end. D. small or incremental changes.
Some economists criticize the Lorenz curve because it
A. measures unreported income earned in the underground economy. B. uses after-tax income when pre-tax income is more appropriate. C. includes too many things in measuring income, such as food stamps, housing aid, and other government programs. D. does not account for the effect of age on a family's income.
If Toni has an absolute advantage in both sewing and ironing when compared to Tom, then
A) they might benefit from trading, but we need more information to determine in which task they should specialize. B) neither Toni nor Tom can benefit from trading with each other. C) Toni should specialize in sewing, and Tom should specialize in ironing. D) Toni cannot benefit from trading with Tom, but Tom can benefit from trading with Toni. E) Tom cannot benefit from trading with Toni, but Toni can benefit from trading with Tom.