If payroll taxes are increased, there will be a
A. Rightward shift of the labor supply curve.
B. Leftward shift of the labor supply curve.
C. Movement up the labor supply curve to the right.
D. Movement down the labor supply curve to the left.
Answer: B
You might also like to view...
Would an increase in the productivity of labor lead to an increase or a decrease in the demand for labor? Why?
The substitution effect refers to a change in the actual income of a potential consumer
a. True b. False Indicate whether the statement is true or false
Deadweight losses are associated with monopolistic competition:
a. In the short run, but not the long run b. In the long run, but not the short run c. In both the short and long run d. In neither the short run nor the long run
The larger the hub presence, the larger the hub ____________.
Fill in the blank(s) with the appropriate word(s).