A tax is imposed on employers and workers that are used to fund Social Security and Medicare. This tax is sometimes referred to as

If Dr. Giltscalpel's gross revenue doubled when he doubled his surgical fees, the demand for his services within the relevant price range would be

A) indeterminate. B) perfectly elastic. C) perfectly inelastic. D) unit elastic. E) none of the above.

The procedure of determining the present value of payments to be received in the future is known as

a. compounding b. amortizing c. perpetuating d. nominalizing e. discounting