In the United States, the death rate has been decreasing for a number of reasons. According to the book which is not a reason
a. Decrease in infant mortality
b. Increase in life expectancy
c. Out migration
d. Declining rates of heart disease
C
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The fact that the Social Security tax is shared evenly between employers and employees _____
a. has nothing to do with who bears the actual burden of the tax b. has everything to do with who bears the actual burden of the tax c. is important to who bears the actual burden of the tax if the supply curve is perfectly inelastic d. is important to who bears the actual burden of the tax if the demand curve is perfectly inelastic
Without price discrimination, a firm
A) faces a tradeoff when pricing a good that has customers with different willingness to pay. B) cannot maximize profit. C) has no market power. D) does not get any producer surplus, with all of the surplus going to consumers.