The intersection of the labor market supply and market demand curves establishes the minimum wage.
Answer the following statement true (T) or false (F)
False
The intersection of the labor market supply and market demand curves establishes the equilibrium wage.
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The share of research and development funding supported by the private sector has increased over the past three decades
a. True b. False Indicate whether the statement is true or false
By holding insurance a person
a. reduces the risk of a bad outcome, such as their house burning down. b. shares risk and so reduces the burden of risk. c. Both A and B are correct. d. Neither A nor B are correct.
Based on the table for the federal tax burden, which earners pay more than 20% of their income in federal taxes?
a. the bottom 20%
b. all but the bottom 20%
c. the third 20%
d. the highest 20%
Use the following graph to answer the next question.
Which of the following factors will shift AS1 to AS3?
A. A decrease in household indebtedness B. An increase in productivity C. A decrease in business taxes D. An increase in input prices