Excessive regulation may lead to
a. corruption
b. attempts to evade regulations
c. high costs of complying with regulation
d. lobbying to remove regulation
e. all of the above
E
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Employers withhold several taxes from employees ' paychecks, one of which is FICA. Congress requires employers to pay half of the FICA tax and workers to pay the other half
Does this mean that the burden of the FICA tax falls evenly on employers and employees? Briefly explain.
One reason the Chinese buy a great deal of U.S. government debt is because:
A. they have dollars left over from the sale of their goods to the U.S. and want to buy something dollar denominated. B. the risk involved is lower for U.S. government bonds than for any other government bond in the world. C. the rate of return for U.S. government bonds is higher than any other investment. D. owning US debt is a sign of economic prosperity for China.