In Factor Markets

question 56

Multiple Choice

In factor markets,

• A)individual consumers are the demanders
• B)equilibrium cannot be defined
• C)there is an excess supply
• D)firms are the demanders
• E)labor and capital are viewed by firms as perfect substitutes

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An individual's AGI with certain deductions added back in; used to determine eligibility for certain tax benefits.

Head of Household

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A tax credit offered to adoptive parents to cover some of the costs associated with the legal adoption of a child.

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