The idea behind the Laffer curve is that increases in tax rates do not increase tax revenues proportionately because they decrease the:
A: demand for labor.
B: supply of labor.
C: productivity of labor.
A: demand for labor.
B: supply of labor.
C: productivity of labor.
举一反三
- An increase in labor productivity shifts the A: labor demand curve rightward. B: labor demand curve leftward. C: labor supply curve rightward. D: labor supply curve leftward
- Which of the following will increase the marginal product of labor in the labor market? A: An increase in the price level and the money wage. B: An increase in the real wage. C: A decrease in the capital stock. D: An increase in the supply of labor.
- An increase in labor productivity shifts the labor ________ curve ________. A: demand; rightward B: demand; leftward C: supply; rightward D: supply; leftward
- An advance in technology that increases productivity and an increase in the working-age population results in a A: rightward shift of the labor supply curve. B: rightward shift of the labor demand curve. C: rightward shift of the labor demand curve and of the labor supply curve. D: no change to the production function.
- . Those who do ______ labor should be regarded the same as those who do mental labor.