The payroll tax is a tax imposed on ________ that is used to fund Social Security and Medicare

A) workers only B) employers only
C) employers and workers D) the unemployed

C

Economics

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If each 10 percent increase in the price of gasoline reduces by 2 percent the quantity purchased, the price elasticity of demand for gasoline is

A) .2. B) 5. C) 8. D) 12. E) 20.

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What do you think about dollarization?

What will be an ideal response?

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