A rightward shift of the economy's labor supply curve would result from a(n)
a. cut in income tax rates or an increase in welfare benefits to the needy
b. cut in income tax rates or a cut in benefits to the needy
c. increase in income tax rates or a cut in benefits to the needy
d. increase in income tax rates or an increase in benefits to the needy
e. cut in income tax rates or a freeze on benefits to the needy
B
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The yield of a stock is the
A. dividend divided by the closing price per share. B. dividend divided by the average daily price of the stock. C. closing price divided by the 52-week low price. D. dividend divided by the opening price per share.
Income elasticity measures the
A. Percentage change in quantity demanded given a percentage change in wealth. B. Responsiveness of quantity demanded to a percentage change in income. C. Way in which consumers switch from one product to another when price rises. D. Responsiveness of quantity demanded for one good to a percentage change in price of another good.