Author Question: Economists are concerned with an individual's A) needs because needs represent the most important ... (Read 37 times)

krzymel

  • Hero Member
  • *****
  • Posts: 548
Economists are concerned with an individual's
 
  A) needs because needs represent the most important goods to an individual.
  B) needs because economists define needs to be the goods people need to survive.
  C) wants because, unlike needs, wants lead to shortages in the economy.
  D) wants because the existence of wants leads to scarcity.

Question 2

The marginal tax rate shows
 
  A) the percentage of income which a typical family pays in tax.
  B) the average rate of taxation in the economy.
  C) the deductions which are permitted for child care and medical expenses.
  D) the extra tax due on an extra dollar of income.



olivia_paige29

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

D

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

For a complete list of videos, visit our video library