If polluters are forced to pay for their pollution, they will reduce pollution toward a socially optimal amount

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

Whenever a buyer and a seller agree to trade

A) the agreement is made based on absolute advantage. B) they must have identical opportunity costs in producing their respective products. C) one party will always be worse off. D) both must believe they will be made better off.