By law, workers pay half the Social Security tax and employers pay the other half. Is this a fair way to allocate the tax?
A) No, workers should pay the whole tax.
B) No, employers should pay the whole tax.
C) Yes, the legal responsibility for the tax has nothing to do with who ultimately pays, so it is as good an allocation as any other.
D) Economics cannot answer such a question.
Correct Answer:
Verified
Q23: With a tax on producers, demand:
A) increases.
B)
Q24: Use the following to answer questions:
Figure: Tax
Q25: By law, workers pay half the Social
Q26: Use the following to answer questions:
Figure: Supply
Q27: With a tax on consumers, demand:
A) increases.
B)
Q29: Which of the following is correct concerning
Q30: With a tax on producers, supply:
A) increases.
B)
Q31: A tax on sellers of apples:
A) leads
Q32: Use the following to answer questions:
Figure: Demand
Q33: Use the following to answer questions:
Figure: Tax
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