It is generally more profitable for a firm to pay workers more than the going wage rate:
A. in sectors where skills are scarce.
B. in industries in which worker motivation doesn’t really matter.
C. in areas in which turnover is not very costly.
D. All of these are true.
A. in sectors where skills are scarce.
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Wage discrimination means workers with equal productivity are paid unequal wages, or workers with unequal productivity are paid equal wages
a. True b. False Indicate whether the statement is true or false
Product-line extension is a form of price discrimination
Indicate whether the statement is true or false
If we want to gauge how much the income tax system distorts incentives, we should use the
a. average tax rate. b. ability-to-pay principle. c. total tax revenue collected. d. marginal tax rate.
The "other things being equal" clause in the law of demand does allow which of the following factors to change?
A. Consumer income. B. The prices of other goods. C. Consumer tastes and preferences. D. The price of the good being demanded.