Firms bear the bulk of the payroll tax when labor supply is very inelastic.
Answer the following statement true (T) or false (F)
False
You might also like to view...
If you have $5000 and the GDP deflator decreases from 100 to 80
A) the $5000 will buy 20 percent more of the goods and services produced by society. B) the value of the $5000 remains constant. C) the $5000 will buy 20 percent less of the goods and services produced by society. D) the value of the $5000 decreases.
The poverty rate in 2008 was _________ the poverty rate in 1960.
A. much lower than B. a little lower than C. about the same as D. a little higher than
Which of the following statements regarding a competitive market is not correct?
a. There are many buyers and many sellers in the market. b. Firms can freely enter or exit the market. c. Price equals average revenue. d. Price exceeds marginal revenue.
Money illusion occurs
A. when we disregard inflation adjustments for dollar values. B. when prices decrease. C. when money disappears. D. at a magic show.