Suppose That Voters in Your Community Pass a One-Cent Sales

question 20

Multiple Choice

Suppose that voters in your community pass a one-cent sales tax increase to fund education, knowing full well they will have to forgo other goods they typically consume.This primarily addresses the economic question of:

• A) How will each good be produced?
• B) For whom shall the goods be produced?
• C) Why will the resources be used to produce goods?
• D) What goods and services should a society produce?

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Definitions:

Employment Insurance (EI)

A social welfare program that provides temporary financial assistance to unemployed workers who meet certain eligibility criteria.

Employees Contribute

The involvement or effort of workers in their job roles, tasks, or towards organizational goals.

Flexible Benefits Plans

Flexible Benefits Plans are employee benefit programs that allow workers to choose from a range of benefit options tailored to their personal needs and preferences.

"Cafeteria" Plans

Flexible benefit plans that allow employees to choose from a menu of options to create a benefits package tailored to their needs.