Most labor economists believe that the supply of labor is
a. less elastic than the demand, and, therefore, firms bear most of the burden of the payroll tax.
b. less elastic than the demand, and, therefore, workers bear most of the burden of the payroll tax.
c. more elastic than the demand, and, therefore, workers bear most of the burden of the payroll tax.
d. more elastic than the demand, and, therefore, firms bear most of the burden of the payroll tax.
b
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Explain how the largest sources of state tax revenues differs from the largest sources of federal tax revenues
What will be an ideal response?
Would the customer be able to convince the shopkeeper that he would walk out if he receives a high price?
a. Yes, because walking out is most profitable move for the customer b. No, because walking out is an unprofitable strategy for the customer c. No, because walking out is not a credible threat d. Both B&C