One benefit of a negative income tax is that it would increase work incentives
a. True
b. False
Indicate whether the statement is true or false
True
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In a winner-take-all system, the highest incomes go to people with questionable skills, but who are the most competitive in the labor market
Indicate whether the statement is true or false
Recall the Application about the merger of Sirius Satellite Radio and XM Satellite Radio to answer the following question(s).Recall the Application. One might expect no more firms to enter after the market consolidated into one firm because:
A. the fixed cost of setting up a company system and acquiring programing is very high. B. the marginal cost of adding addition subscribers if very high. C. demand is very elastic. D. All of these
Which type of collective bargaining agreement requires workers to be union members prior to being considered for employment?
A) right-to-work B) union shop C) open shop D) closed shop
If, in a competitive market, marginal benefit is less than marginal cost
A) the net benefit to consumers from participating in the market is less than the net benefit to producers. B) the government must force producers to raise prices in order to achieve economic efficiency. C) the output is greater than the equilibrium quantity. D) the output is less than the equilibrium quantity.