An employer would never operate on the upward-sloping part of an MRP curve because
A. he or she would not be maximizing profits.
B. he or she would be hiring workers at wages above MRP.
C. the number of workers is too large to get economies of scale.
D. he or she would then have too little capital per worker.
Answer: A
Economics
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The Social Security system is financed by
A) a tax on individual retirement accounts. B) a payroll tax paid only by employers. C) a payroll tax paid by both employers and employees. D) a tax on luxury goods.
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In recent years, the governments of the IACs have:
A. forgiven a portion of the debt owed by some low-income DVCs. B. substantially reduced foreign aid to the DVCs. C. substantially reduced their contributions to the World Bank. D. discouraged skilled DVC workers from emigrating to the IACs.
Economics