The Mayor of Workerville Proposes a Local Payroll Tax to Fund

question 66

Multiple Choice

The mayor of Workerville proposes a local payroll tax to fund a new water park for the city.The mayor proposes to collect half the tax from workers and half the tax from firms.The mayor will be able to successfully divide the burden of the tax equally if the

• A)demand for labor is more elastic than the supply of labor.
• B)supply of labor is more elastic than the demand for labor.
• C)demand for labor and supply of labor are equally elastic.
• D)It is not possible for the tax burden to fall equally on firms and workers.

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Definitions:

Amygdala

A component of the brain's limbic system involved in emotion regulation, decision-making, and memory processing, particularly known for its role in fear responses.

Adolescent Brain

Refers to the developing brain during adolescence, characterized by significant changes in structure and function, impacting behavior and cognition.

Cognitive Skills

Mental capabilities involved in processing information, problem-solving, decision making, and learning new concepts.

Prefrontal Cortex

A region of the brain implicated in planning complex cognitive behavior, personality expression, decision-making, and moderating social behaviour.