So in equilibrium
What will be an ideal response?
there is nor excess supply or excess demand
You might also like to view...
A change in the real wage rate measures the change in the
A) price of goods and services that an hour's work can buy. B) nominal wage of an hour's work. C) quantity of goods and services that an hour's work can buy. D) inflation rate affecting the labor market. E) CPI.
Under asymmetric information,
a. you never get what you pay for b. you sometimes get cheated c. you always get cheated d. at best you get what you pay for e. sellers make profits in excess of competitive returns
Compute the tax rates for the three taxpayers shown in Table 33.1. Then use the table to answer the indicated question.TaxpayerIncome (Dollars)Taxable Income (Dollars)Taxes Paid (Dollars)Effective Tax Rate(Percent)Nominal Tax Rate(Percent)1$200,000$100,000$6,000________%________%2100,00080,0008,000________%________%360,00048,00012,000________%________%In Table 33.1, the effective tax rate for taxpayer 1 is
A. 8.0 percent. B. 50.0 percent. C. 6.0 percent. D. 3.0 percent.
The percentage of the labor force that belongs to a union is known as the
A. Union share rate. B. Union participation rate. C. Unionization rate. D. Unionized percentage rate.