A person is considered "employed" if and only if she:
A. wants to work.
B. works full time.
C. has a job that she is satisfied with.
D. has a job.
Ans: D. has a job.
Economics
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Other things being equal, the elasticity of demand for labor will be greater the:
A. Smaller the proportion of total costs accountable for by labor costs B. Smaller the elasticity of demand for the product it produces C. Larger the number of close substitute resources available D. More rapid the decline in its marginal productivity
Economics
A flat tax
A. Includes multiple tax brackets. B. Encourages economic activity through deductions and credits. C. Is a single-rate tax system. D. Includes many tax loopholes.
Economics