Which of the Following Is Not Correct

question 27

Multiple Choice

Which of the following is not correct?

• A)Economists who argue that labor taxes are highly distorting believe that labor supply is fairly elastic.
• B)Economists who argue that labor taxes are not highly distorting believe that labor supply is fairly inelastic.
• C)Economists who argue that labor supply is fairly inelastic cite elderly workers who adjust the date they retire as an example.
• D)Economists who argue that labor supply is fairly elastic cite workers who adjust the hours of overtime that they work as an example.

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Definitions:

Attractiveness

A characteristic or feature of something that draws interest or appreciation from others.

Requester

An individual or entity asking for something to be provided or done, often within the context of services or transactions.

Affinity

A natural liking or attraction to a person, place, thing, or idea, often leading to a sense of connection or loyalty.

Consumer Decision Making

The process by which individuals or groups select, purchase, use, and dispose of goods and services.