11) Which of the following are obstacles to collective action?   a) Rational ignorance   b) Small groups   c) High levels of education   d) High levels of taxes

Whichofthefollowingstatementsis(are)correct? (x)  A payroll tax is a tax on the wages that a firm pays its workers and in the United States the payroll tax is also referred to as a social insurance tax. (y)  The payroll tax differs from the individual income tax in the U.S. because the payroll tax is primarily earmarked to pay for Social Security and Medicare. (z)  Taxes on specific goods such as cigarettes, gasoline, alcoholic beverages and tires are called excise taxes. (x), (y) and (z) (x) and (y) only (x) and (z) only (y) and (z) only (x) only

The Bretton Woods conference of 1944 established a post-war economic order which, to a large degree, we are still experiencing today. List the three (3) institutions created at Bretton Woods and describe their functions.  (100 words maximum)

Specific firms in the uk car market being price makers or price takers ? This is homework assignment, please answer in 5-6 sentences only.