Economics: Labor Economics Question: 1 In a competitive labor market if a payroll tax is imposed on the employers a.the burden of the tax will be borne by the employers b.the tax burden will be borne by the employees c.the tax burden will be shared by the employers and employees d. The tax burden will be imposed exclusively on the buyers of the product
Question: 1
In a competitive labor market if a payroll tax is imposed on the employers
a.the burden of the tax will be borne by the employers
b.the tax burden will be borne by the employees
c.the tax burden will be shared by the employers and employees
d. The tax burden will be imposed exclusively on the buyers of the product
Question: 2
Refer to the following table:
Labor Output Price
0 |0 |$5.00 |
1 | 16 | $5.00 |
2 | 31 | $5.00 |
3 | 45 | $5.00 |
4 | 58 | $5.00 |
5 | 69 | $5.00 |
6 | 78 | $5.00 |
Assume that the labor market is
a.6
b.4
c.3
d.5
Question: 3
Which one of the following would be most likely to shift the labor supply curve to the left?
a.an increase in the wage rate.
b.achange in the indifference map following deterioration of working conditions
c.a change in the indifference map following an improvement in working conditions
d.a decrease in the price of robots
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