A worker pays a tax for Social Security at a constant rate up until a certain level of income is reached. Beyond that income level, no more Social Security tax is paid. The Social Security tax is an example of a

It is possible for every nation to have BOP surpluses

Indicate whether the statement is true or false

Suppose in the ice-cream market with 10 firms, the elasticity of market demand is -1, and each firm has a constant marginal cost at $2. The Nash-Cournot equilibrium price is

A) $2. B) $2.2. C) $2.4. D) $2.5.