If a Payroll Tax of $X Per Hour Is Collected $\frac { 1 } { 2 }$

question 16

Multiple Choice

If a payroll tax of $X per hour is collected from employers,then the

• A) labor demand curve shifts down by \(\frac { 1 } { 2 }\) $X at any given employment level.
• B) labor demand curve shifts down by amount $X at any given employment level.
• C) labor supply curve shifts left by $X at any given employment level.
• D) labor supply curve shifts down by $X at any given employment level.

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Definitions:

Primacy Effect

The tendency to remember information that is presented first better than information that is presented later.

Stereotyping

is the act of categorizing individuals into groups and making assumptions about them based on generalizations.

Self-Serving Bias

A cognitive bias where individuals attribute positive outcomes to their own actions and negative outcomes to external factors.

Attribution

The process by which individuals explain the causes of their own and others' behaviors and outcomes.