The amount of time an individual is willing to offer for a wage depends on the
a. all of the following
b. value of time devoted to leisure activities
c. boredom, discomfort, and aggravation associated with work
d. value of time devoted to nonmarket work
e. satisfaction gained from goods purchased with the wages
A
You might also like to view...
Suppose that the government collected taxes in the following fashion: people who earn less than $50,000 pay 25 percent in taxes, people who earn between $50,000 and $100,000 pay 35 percent in taxes, people who earn between $100,000 and $200,000 pay 30 percent in taxes, and people who earn more than $200,000 pay 28 percent in taxes. Which of the following statements is correct?
a. The tax system is proportional for income levels less than $50,000 and regressive for income levels above $50,000. b. The tax system is regressive for income levels less than $100,000 and progressive for income levels above $100,000. c. The tax system is progressive for income levels less than $100,000 and regressive for income levels above $100,000. d. The tax system is progressive for income levels less than $50,000 and proportional for income levels above $100,000.
Which of the following statements is false?
A) The Treasury bond information published under the column heading "Yield" is based on the ask price of the bond. B) The Treasury bond information published under the column heading "Yield" is based on the assumption that the bond is held to maturity. C) The Treasury bond information published under the column heading "Bid" indicates the price a buyer will pay if he buys the bond. D) The Treasury bond information published under the column heading "Bid" is the price a buyer will receive if she sells the bond.
The Federal Reserve Banks are owned by the:
A. Federal government B. Board of Governors C. United States Treasury D. Member banks
Refer to the information provided in Figure 3.7 below to answer the following question(s).
?Figure 3.7Refer to Figure 3.7. Assume the market is initially at Point B and that pizza is a normal good. An increase in income would cause the market to move from Point B on demand curve D2 to
A. Point C on demand curve D2. B. demand curve D3. C. Point A on demand curve D2. D. demand curve D1.