Figure 8-21 -Refer to Figure 8-21.Suppose the Market Is Represented by Demand

question 10

Multiple Choice

Figure 8-21
-Refer to Figure 8-21.Suppose the market is represented by Demand 1 and Supply 1.At first the government places a $3 per-unit tax on this good.Then the government decides to raise the tax to $6 per unit.Compared to the original tax rate,the higher tax will

• A)increase tax revenue and increase the deadweight loss from the tax.
• B)not change tax revenue and increase the deadweight loss from the tax.
• C)decrease tax revenue and increase the deadweight loss from the tax.
• D)decrease tax revenue and decrease the deadweight loss from the tax.

Understand the exceptions to the employment-at-will doctrine and the role of the implied covenant of good faith.

Recognize the conditions and coverage of the Family and Medical Leave Act.

Understand the roles and enforcement mechanisms of key labor laws and regulations such as the National Labor Relations Act, Workers' Compensation, and the implications of the Taft-Hartley Act.

Understand the legal protections and rights employees have under federal labor laws.

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