Many motorcycle riders want to feel the wind of the open road without the constriction of helmets. But riders without helmets are more likely to suffer severe injuries that run up hospital bills at public expense. Which of the following is most likely to reduce the costs imposed on hospitals by helmetless riders?
A. Fining riders caught not wearing helmets
B. Taxing motorcycle helmet sales
C. Reimbursing injured rider’s hospital bills
D. Subsidizing hospitals
Answer: A
Economics
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If firms offer an efficiency wage:
a. the quantity of labor supplied will exceed the quantity of labor demanded. b. the quantity of labor demanded will exceed the quantity of labor supplied. c. the quantity of labor supplied will equal the quantity of labor demanded. d. absenteeism is expected to increase.
Economics
Use the information provided in Exhibit 11-4. If a person’s taxable income is $110,000, how much does he pay in taxes?
A) $21,750 B) $33,000 C) $24,750 D) $48,000
Economics