Differences in marginal revenue products among workers can help explain the presence of wage differentials
a. True
b. False
A
You might also like to view...
The marginal income tax rate is the ________
A) total tax paid by an individual divided by the total income earned B) difference between the highest and lowest income tax rates charged by a state C) percentage of the last dollar earned that a household pays in taxes D) total revenue received by the government divided by the number of taxpayers
The difference in unemployment rates between Europe and the U.S. has been narrowing partly because
a. tax rates in European countries are generally lower. b. economic conditions in Europe and the U.S have been converging. c. European and American labor unions have been coordinating their activities. d. of a change in labor market policies. e. Europe has been making it easier for workers to gain unemployment benefits
Which of the following is not typically true of Employment Protection Legislation (EPL)?
a) countries with strong EPL have low unemployment rates b) EPL reduces part-time work and labor force participation rates c) EPL reduces the layoff rate d) EPL reduces the duration of unemployment e) EPL benefits the employed at the expense of the unemployed
The central bank in the United States does all the following except:
A. issue coin and currency. B. act as a financial adviser to the government. C. loan money to banks. D. loan money to corporations.