The Less Freedom People Are Given to Choose the Date

question 43

Multiple Choice

The less freedom people are given to choose the date of their retirement,the

• A)more elastic is the supply of labor.
• B)less elastic is the supply of labor.
• C)flatter is the labor supply curve.
• D)smaller is the decrease in employment that will result from a tax on labor.

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Definitions:

US Dollar

The official currency of the United States of America, widely used as a global standard for financial transactions.

Appreciated

A term which indicates an increase in the value of an asset over time.

Chinese Yuan

The recognized monetary unit of the People's Republic of China, utilized within mainland China but excluded from its special administrative regions such as Hong Kong.

Devalues

Reduces the worth or monetary value of an item or currency.