The percentage of total national income spent on health care in the United States has
A) declined rapidly since 1965.
B) remained below the level of inflation.
C) risen steadily since 1965.
D) remained constant over the last few years.
C
Economics
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If Xavier can produce sandwiches at a lower opportunity cost than Kimani, then
a. Xavier has a comparative advantage in the production of sandwiches. b. Kimani has a comparative advantage in the production of sandwiches. c. Xavier should not produce sandwiches. d. Xavier is capable of producing more sandwiches than Kimani in a given amount of time.
Economics
Mary Jones has $50,000 of taxable income. If her average tax rate is 20 percent and her marginal tax rate is 31 percent, how much tax (in dollars) does she pay?
What will be an ideal response?
Economics