Examlex
Which of the following is NOT true about the Switchboard?
Capital/Labor Intensity
A measure of the ratio of capital to labor in the production process, indicating whether an economy or sector relies more on capital investment or labor.
Corporate Profits Tax
A tax imposed by governments on the income earned by companies and corporations.
Labor Supply
The total amount of hours employees are ready and capable of working for a specified rate of pay.
Payroll Tax
A tax imposed on employers or employees, and is typically calculated as a percentage of the salaries that employers pay their staff.
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