It Is Likely That People Will Work Less When the Marginal

question 3

Multiple Choice

It is likely that people will work less when the marginal tax rate is

• A)91 percent.
• B)30 percent.
• C)26 percent.
• D)2 percent.

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Definitions:

Conscientiousness

A personality trait characterized by being thorough, careful, or vigilant; it implies a desire to do a task well, and to take obligations to others seriously.

Neuroticism

A personality trait characterized by anxiety, moodiness, worry, envy, and jealousy.

Openness to Experience

A personality trait that features the desire to explore new activities, ideas, and experiences.

Five-Factor Model

A theory that describes human personality through five dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.