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-The Figure Above Shows the Labour Supply and Labour Demand

question 24

Multiple Choice

  -The figure above shows the labour supply and labour demand curves for personal trainers in Victoria. The initial equilibrium hourly wage is $10. The government of Victoria institutes an additional income tax on the income of personal trainers of $6 an hour in order to fund school sports programs. How much of the tax is paid by employees? A)  $2 B)  $4 C)  $600 D)  $0 E)  $6
-The figure above shows the labour supply and labour demand curves for personal trainers in Victoria. The initial equilibrium hourly wage is $10. The government of Victoria institutes an additional income tax on the income of personal trainers of $6 an hour in order to fund school sports programs. How much of the tax is paid by employees?

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Definitions:

Functional Theory

A perspective in sociology and psychology that emphasizes the functions of behavior, institutions, and processes in society and individual psychology.

Attitudes

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor.

Motives

Internal driving forces that cause a person to take action or behave in a particular way.

Knowledge Function

The role or purpose that knowledge serves in an organizational or systemic context, facilitating decision-making, problem-solving, and innovation.

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