When you add payroll taxes and Medicare, the tax system becomes more progressive than when we solely consider the federal income tax

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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Explain how a government budget deficit might crowd out private investment

What will be an ideal response?

Economics

A patent:

a) Is a government grant of exclusive ownership of an innovation. b) Requires a firm to share its innovations with others. c) Protects a perfectly competitive firm from competition. d) Is an illegal method to protect an innovative idea.

Economics