When you add payroll taxes and Medicare, the tax system becomes more progressive than when we solely consider the federal income tax
a. True
b. False
Indicate whether the statement is true or false
False
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To decrease anxiety in its most accomplished teachers, a school decides to offer them tenure, to help them concentrate on teaching better. Instead it notices that even the best of the teachers started to get sloppy with their work. The school did not foresee
a. Adverse selection b. Moral hazard c. All of the above d. None of the above
The supply of labor is determined by the:
A. number of workers. B. opportunity cost of hiring labor. C. marginal product of labor. D. All of these statements are true.
Throughout the world, poverty is greater among women than men, particularly women who head households
a. True b. False
When consumers face rising gasoline prices, they typically
a. reduce their quantity demanded more in the long run than in the short run. b. reduce their quantity demanded more in the short run than in the long run. c. do not reduce their quantity demanded in the short run or the long run. d. increase their quantity demanded in the short run but reduce their quantity demanded in the long run.