Taxes on Labour Encourage All of the Following, Except

question 46

Multiple Choice

Taxes on labour encourage all of the following, except:

• A)older workers to take early retirement from the labour force
• B)mothers to stay at home rather than work in the labour force
• C)workers to work overtime
• D)people to be paid under the table

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Definitions:

Availability Heuristic

A cognitive shortcut that depends on the first examples that spring to mind when considering a particular subject, idea, approach, or choice.

Confirmation Bias

The disposition to seek, grasp, esteem, and recount information that confirms existing preconceptions or theories.

Belief Perseverance

The phenomenon where people hold onto their beliefs even when faced with evidence that contradicts or disproves them.

Heuristics

Mental shortcuts or rules of thumb that simplify decision making by reducing complex problem solving to simpler judgment processes.