Social Security taxes are regressive because
A) they apply only to rich people.
B) they are not applied to income beyond a certain amount.
C) they are applied to welfare recipients.
D) they are applied to retired people only.
B
Economics
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Assume a new technology is developed that increases the productivity of capital and creates additional economies of scale. How would this affect the firm's minimum efficient scale of operation. Illustrate this effect graphically
What will be an ideal response?
Economics
Mrs. Smith is given a government subsidy for an apartment in a public housing project. The apartment
A) is not subject to the principle of rival consumption. B) is not a public good. C) has widespread benefits and concentrated costs. D) is subject to the free-rider problem.
Economics