If the Labor Supply Curve Is Nearly Vertical,a Tax on Labor

question 20

Multiple Choice

If the labor supply curve is nearly vertical,a tax on labor

• A)has a large deadweight loss.
• B)raises a small amount of tax revenue.
• C)has little impact on the amount of work that workers are willing to do.
• D)results in a large tax burden on the firms that hire labor.

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Definitions:

Line-and-staff Organization

An organizational structure that combines direct, line authority with specialized, staff support functions and personnel.

Line Organization

A direct and clear line of command within an organization, from the top management to the lowest rank, characterized by direct supervision and clear responsibilities.

Staff Relationship

The dynamics and interactions between employees within an organization, influencing workplace environment and productivity.

Plant Manager

An individual responsible for overseeing all operations and activities within a manufacturing plant or factory, including production, staffing, and safety.