Lawmakers designed the burden of the FICA payroll tax to be split evenly between workers and firms. Labor economists believe that
a. lawmakers may have actually achieved their goal because statistics show that the tax burden is currently equally divided.
b. the tax raises too little revenue for the government, so it should be eliminated.
c. firms bear most of the burden of the tax.
d. workers bear most of the burden of the tax.
d
Economics
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How can comparative advantage yield gains from trade?
What will be an ideal response?
Economics
A perfectly competitive firm maximizes profits or minimizes losses in the short-run by producing at the output level at which:
a. marginal revenue equals marginal cost. b. total revenue equals total cost. c. total revenue is at a maximum. d. none of these.
Economics