An increase in demand accompanied by an increase in supply will increase the equilibrium quantity, but the effect on equilibrium price will be indeterminate.
Answer the following statement true (T) or false (F)
True
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Comparable worth is the principle that:
a. men and women should be paid comparably. b. employees who perform comparable jobs should be paid the same wage. c. the wage rate equals the value of productivity. d. goods and services priced the same have about the same worth.
If California decides to pay for public radio by taxing people based on the number of hours they listen based on voluntary self-reporting, then which of the following is likely to occur as a consequence?
a. Many individuals will overstate the number of hours they listen to public radio to government in order to receive a higher tax bill. b. People who report listening quite a few hours and have a high income will pay a larger proportion of their income in public radio tax than people who report the same number of hours and have a low income. c. Many individuals will understate the number of hours they listen to public radio to government in order to reduce their tax bill. d. Many individuals will overstate the number of hours they listen to public radio to government in order to receive a lower tax bill.
is caused by drops in total production.
A. Structural unemployment B. Frictional unemployment C. Seasonal unemployment D. Cyclical unemployment
With a tax of $4,000 on $24,000 taxable income, the average tax rate is
A. 16.67%. B. 23.45%. C. 20%. D. 25%.