The marginal product of labor curve is the demand curve for labor
Indicate whether the statement is true or false
FALSE
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A tax that that takes the same percentage of a taxpayer's income regardless no matter what their total income is called a _____
a. proportional tax b. progressive tax c. head tax d. regressive tax
Those economists who do not believe there is anything inherently wrong with monopolies advocate a policy of
a. laissez-faire b. marginal cost pricing c. antitrust d. patent control e. nationalization
The U.S. money supply
A. does not grow from year to year. B. grows by about three percent from year to year. C. grows by about six percent from year to year. D. grows by varying amounts from year to year.
A firm's demand curve for labor is equal to the
A. marginal wage. B. marginal revenue product. C. total revenue product. D. marginal factor cost.