Imposing an employment tax leads to

A) a decreased supply of labor. B) more employment.
C) decreased potential output in the economy. D) greater demand for labor.

C

Economics

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If consumers suddenly decide they no longer want to purchase hybrid vehicles, the price of hybrid vehicles will likely ________ and producers will ________ production

A) increase; decrease B) increase; increase C) decrease; decrease D) decrease; increase

Economics

For Adam Smith, commercial society is characterized by

A) private property rights. B) specialization in production. C) voluntary exchange. D) all of the above.

Economics