An increase in the income tax rates:
a. makes the labor supply curve more inelastic.
b. increases the opportunity cost of leisure.
c. lowers the opportunity cost of leisure.
d. shifts the labor supply curve to the right.
e. shifts the labor demand curve to the right.
c
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Even if all individual demand curves are downwardly sloped, the market demand curve may slope upward.
Answer the following statement true (T) or false (F)
If Jose deposits $2,000 in his bank and the desired reserve ratio is 10 percent, what is the amount of new loans that the bank can make?
A) $2,000 B) $200 C) $1,800 D) $1,900 E) $2,200
Assume that national income = $4,000 . C = $500 + 0.80(Y), and intended investment = $200 . Then all of the following are true except
a. saving at Y = $0 is -$500 b. national income will increase c. there will be $100 of unplanned investment in inventories d. actual investment will equal $300 e. production will decrease
The right to buy a given quantity of an underlying asset at a predetermined price on or before a specific date is called a(n):
A. option writer. B. call option. C. put option. D. arbitrage contract.