Which of the Following Is True Regarding the Possible Effects

question 275

Multiple Choice

Which of the following is true regarding the possible effects of a tax change?

• A) Lower taxes on household income reduce aggregate supply.
• B) Higher tax rates on business profits encourage firms to boost production.
• C) Higher marginal tax rates tend to depress economic activity.
• D) Higher taxes on household income have no effect on the amount of labor households wish to supply.

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Definitions:

Job Performance

The effectiveness and efficiency with which an individual fulfills their work-related tasks and responsibilities.

Hiring

The process of reviewing applications, interviewing candidates, and selecting an individual for employment.

Advancement

Progress or development towards achieving a goal, often referring to professional or technological progress.

Griggs v. Duke Power Company

A reaffirmation of the Supreme Court case that set a legal precedent for employment equity, requiring job requirements to be necessary for the actual work.