The amount by which the burden of a tax exceeds the total revenue collected is called

A college education can be a signal because

A) a college education is expensive. B) those who graduate college have successful parents, and are therefore also likely to be successful. C) highly capable people are more likely to finish college than those with low capabilities. D) college teaches useful skills and gives valuable training.

An individual paying twice as much in Social Security taxes over her lifetime as another individual would receive at least twice as much in Social Security benefits

a. True b. False