Throughout U.S. history, entrepreneurial activity would occur when
(a) centralized economic planning was involved
(b) distributed rights to profits were clear and protected
(c) government intervention was pervasive
(d) all of the above
(b)
Economics
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The term "payroll taxes" is often used to refer to
A) individual income taxes that are withheld from paychecks. B) sales taxes. C) corporate income taxes. D) Social Security and Medicare taxes.
Economics
If inflation is perfectly anticipated, benefits are indexed, and there are no restrictions on contracts, which group loses purchasing power because of inflation?
a. Borrowers, lenders and retirees b. Only borrowers c. Neither lenders, borrowers, nor retirees d. Only lenders e. Only retirees
Economics