When drawn against the current wage, the current labor supply shifts to the right if
A) current taxes increase.
B) future taxes decrease.
C) firms make more profits.
D) total factor productivity increases.
A
You might also like to view...
The poll tax and the flat tax are equivalent since with each, everyone is taxed a fixed percentage of income
Indicate whether the statement is true or false
Henelyn lost her job as a factory worker when she was replaced by a robotic machine. Now she is looking for a new job. Henelyn is
A) cyclically unemployed. B) structurally unemployed. C) not unemployed. D) frictionally unemployed. E) none of the above.
The aggregate demand curve slopes downward for the same reason that a microeconomic demand curve slopes downward
a. True b. False
In industries in which strong network effects exist, which market structure is likely to emerge?
A. oligopoly B. monopoly C. perfect competition D. monopolistic competition