Suppose in the market for labor that the labor supply curve is perfectly inelastic. This would mean that the supply curve is vertical. Furthermore, suppose that demand is normal and downward sloping. Your textbook has explained that unemployment taxes are paid entirely by the employer (demanders). Who actually pays the tax in the scenario described above?
What will be an ideal response?
The suppliers of labor (employees) would be totally responsible for paying the tax, despite the
fact that the tax was levied on employees.
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The landmark antitrust case which established that size alone is not sufficient to prove an antitrust violation is the:
a. U.S. Steel case. b. Brown Shoe case. c. Von's Grocery case. d. ALCOA case. e. Pabst Brewing case.
Evidence suggests that emergency care services are normal goods
a. True b. False Indicate whether the statement is true or false
Mention some applications of real options
In terms of aggregate demand and aggregate supply, the Great Depression can be viewed as a:
a. shift to the right of the aggregate demand curve. b. shift to the left of the aggregate demand curve. c. shift to the right of the aggregate supply curve. d. shift to the left of the aggregate supply curve.