From an Employer's Perspective, Which of the Following Is an Advantage

question 98

Multiple Choice

From an employer's perspective, which of the following is an advantage of classifying workers as self-employed contractors?

• A) It lowers the overall amount of taxes the employer must pay.
• B) It increases the amount of taxes workers must pay.
• C) It lowers the overall amount of taxes the employer must pay, and it increases the amount of taxes workers must pay.
• D) None of these answer choices are correct.

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Definitions:

Efficient Allocation

The optimal distribution of resources among competing uses to maximize output or welfare.

Ppf (Production Possibility Frontier)

A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology, when resources are fully and efficiently utilized.

Efficiently

Achieving maximum productivity with minimum wasted effort or expense.

Production Inefficiency

A situation where resources are not utilized in the best possible manner, resulting in wasted potential output.