Which of the following statements is incorrect?
a. Demand and supply curves for labor are constantly shifting
b. The typical unemployment compensation in the United States is one's full salary for up to 26 weeks.
c. Unemployment compensation decreases the opportunity cost of being unemployed to a worker.
d. Unemployment compensation encourages longer job searches, which may lead to a better match between jobs and employees.
b
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The Federal personal income tax:
A. Has a regressive structure B. Is actually less progressive than official tax schedules would indicate because of various tax exemptions and deductions C. Has become extremely progressive as a result of taxpayers' being pushed into higher tax brackets by higher income levels D. Has experienced substantial increases in rates during the past two years
An example of a public policy response to a monopoly is:
A. public admonishment. B. encouraging mergers. C. antitrust laws. D. All of these are examples.