The Effect of the Personal Income Tax on the Amount

question 25

Multiple Choice

The effect of the personal income tax on the amount of labor employed in the economy is greatest when

• A)demand and supply are both relatively elastic.
• B)demand and supply are both relatively inelastic.
• C)demand is relatively inelastic and supply is relatively elastic.
• D)demand is relatively elastic and supply is relatively inelastic.
• E)both supply and demand do not exist.

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Definitions:

Renal Capsule

The renal capsule is a tough fibrous layer surrounding the kidney and providing it with protection against trauma and infection.

Renal Calyx

A structure in the kidney that funnels urine from the collecting ducts into the renal pelvis and ureter.

Renal Column

Cortical tissue located between the pyramids in the kidney, part of the kidney's supportive and structural system.

Renal Pyramid

Cone-shaped structures located in the kidneys, consisting of tubules that transport urine from the cortical, outer part of the kidney to the calyces and renal pelvis.