Most of a Payroll Tax Is Eventually Paid By

question 36

Multiple Choice

Most of a payroll tax is eventually paid by:

• A)employers if the supply curve of labor is very inelastic.
• B)employers if the labor demand curve is unit elastic.
• C)employees if the supply of labor curve is very inelastic.
• D)employees if the supply of labor curve is very elastic.

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, showing how much each value in the set differs from the mean.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, commonly used in statistics to quantify the degree to which values differ from the average value.

Budget Line

An illustration showing all the different pairs of two items that a buyer can afford, considering their financial resources and the pricing of such goods.

Expected Rate

In finance, it refers to the return anticipated on an investment or the interest rate at which money is borrowed or lent.