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- + r Fit to pag MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answer the question. D) for
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Answer #1

As per HOMEWORKLIB POLICY and guideline, the first-four MCQs are answered below:

20.

Answer: C

This is the payroll-related tax which is contributed both employers and employees equally. Employees’ contribution is deducted from their salary but employers’ contribution doesn’t reduce salary.

21.

Answer: T

This is the shift of income, which is not productive, means the receiver do not produce anything; therefore, there is no final product and no GDP.

22. Answer: F It cannot be downward shifted; it would be a rightward shift. An increase in demand should shift the demand cur

23.

Answer: C

This curve indicates various combinations of production possibilities between two products. An outward shift indicates a growth in production possibilities, since this gives higher quantities of production than earlier.

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