Labor market regulations in European Union countries
a. do not contain limitations on plant closing but do have provisions for mandatory severance pay that may discourage firms from expanding employment.
b. include limitations on plant closing but have no provisions for mandatory severance pay that may discourage firms from expanding employment.
c. neither entail limitations on plant closing nor provisions for mandatory severance pay that may discourage firms from expanding employment.
d. include limitations on plant closing and provisions for mandatory severance pay that may discourage firms from expanding employment.
D
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How do markets respond to price ceilings and price floors? Do attempts to repeal the laws of supply and demand meet their objectives?
What will be an ideal response?
When taxpayers pay more in taxes because of inflation even when the nominal tax structure remains the same, this is called _____
a. indexation b. bracket creep c. tax expenditure d. nominal rigidity
See the information in Scenario 4.4. Does the demand curve for Rock and Roll Trivia slope downward?
A) Yes it does. B) No it does not. C) More information is needed to answer this question.
Which of the following is NOT a wage or employment strategy that a union would follow?
A) Set a maximum wage rate such that a shortage of workers will result. B) Set a wage rate such that all workers that want to find a job can find a job. C) Set a wage rate that will maximize the income of its members. D) Set a wage rate that will maximize the income of only some of its members.