The burden of the payroll tax falls entirely on the employee regardless of how it is formally divided between employer and employee if the
a. demand for labor is inelastic.
b. supply of labor curve is horizontal.
c. supply of labor curve is virtually vertical.
d. demand for labor curve is elastic.
c
Economics
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Consider the market for leather shoes. If producers believe the price of leather shoes will increase next month, today
A) the supply curve for leather shoes shifts rightward. B) the supply curve for leather shoes shifts leftward. C) there is a movement along the supply curve for leather shoes. D) the equilibrium price of leather shoes falls. E) the equilibrium quantity of leather shoes increases.
Economics
Which of the following is an example of an extrinsic reward?
a. raise b. self-esteem c. praise d. personal development
Economics