Which of the following is fully tax deductible (it is either subtracted or excluded from taxable income) under the current tax system of the United States?
a. out-of-pocket medical expenses
b. healthcare insurance purchased through one's employer
c. healthcare insurance purchased directly by an individual or family
d. all of the above
B
Economics
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By the eve of World War I, the United States accounted for more than ___ of the world's industrial production. a.15% b.30% c.60% d.90%
Economics
When the price of a product increases, the passage of time usually causes the price elasticity of demand for the product to become
a. less elastic. b. more elastic. c. smaller and smaller in an absolute value. d. approximately equal to zero in the long run because of scarcity.
Economics