The Existence of an Anomaly by Itself Almost Always Persuades

question 58

True/False

The existence of an anomaly by itself almost always persuades people to abandon an existing paradigm.

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Definitions:

Taxes Labor

Fiscal charges imposed on income earned from labor, either through employment or self-employment.

Labor Demand

The quantity of labor that employers are willing and able to hire at a given wage rate, in a given time period.

Deadweight Loss

The falloff in economic efficiency that strikes when equilibrium for a good or service isn’t met or is beyond reach.

Tax Revenue

The revenue governments receive as a consequence of taxes.