1. A payrol tax Is born entirely by workers if the supply of labor is perfectly inelastic. True or false? Explain 2. When the tax rate on wages falls (so that the take home wage or effective wage increase), the busget line rotates out along the consumption axis. True or false? Explain
1. A payrol tax Is born entirely by workers if the supply of labor is perfectly inelastic. True or false? Explain 2. When the tax rate on wages falls (so that the take home wage or effective wage increase), the busget line rotates out along the consumption axis. True or false? Explain
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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