Taxes on labor encourage which of the following?
a. labor demand to be more inelastic
b. mothers to stay at home rather than work in the labor force
c. workers to work overtime
d. fathers to take on second jobs
b
You might also like to view...
Ascertaining whether or not a regressor is strictly exogenous or exogenous ultimately requires all of the following with the exception of
A) economic theory. B) institutional knowledge. C) expert judgment. D) use of HAC standard errors.
To economists, games are:
A. just recreational pursuits like chess, Monopoly, or poker. B. any situation in which players pursue strategies designed to achieve their goals. C. situations in which individuals act against their own interest for fun. D. None of these statements are true.
The slope of the consumption function equals the
a. price elasticity of demand. b. marginal propensity to consume. c. marginal rate of investment. d. marginal propensity to save.
How will an increase in income affect the budget line for two goods, all other things equal?
Please provide the best answer for the statement.