Examlex

Solved

In Janus V

question 6

Multiple Choice

In Janus v. AFSCME , the Supreme Court ruled that the state's extraction of agency fees from public-sector employees:

Assess the stability and change in personality and behavior over time.
Recognize the significance of early childhood experiences on later adult behavior and psychological adjustment.
Understand the impact of diverse and engaging workforces on organizational performance.
Analyze the relationship between stress, stressors, and stress reactions in the workplace.

Definitions:

Elastic

A characteristic of a good or service that indicates its sensitivity to changes in price, with relatively large changes in quantity demanded or supplied in response to price changes.

Inelastic

Inelastic describes a situation where the demand or supply for a good or service is not significantly changed by variations in price.

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a good or service and the actual price they do pay.

Tax

A mandatory monetary contribution or different sort of tax levied on a taxpayer by a government entity to finance government expenditure and assorted public costs.

Related Questions