The Paradox of Value Asks Why

question 53

Multiple Choice

The paradox of value asks why

• A)bad things happen to good people.
• B)the price of water is low and the price of a diamond is high,but water is essential to life while diamonds are not.
• C)the good die young.
• D)total utility is greater than marginal utility.
• E)the standard of living is higher in North America than in South America.

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Definitions:

Unemployment Taxes

Taxes imposed on employers by the government, intended to fund unemployment benefits for workers who have lost their jobs.

FUTA Tax Rate

The FUTA (Federal Unemployment Tax Act) Tax Rate is the percentage of taxable income employers are required to pay to fund state workforce agencies.

SUTA Tax Rate

The state unemployment tax rate, which employers must pay to fund the state's unemployment insurance program.

Unemployment Taxes

Taxes paid by employers to fund unemployment insurance programs, varying by state and based on the amount of wages paid to employees.