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.

---

Definitions:

Degree of Control

Refers to the extent of authority or influence one party has over the actions or operations of another, often discussed in legal contexts regarding liability.

Wrongfully Terminated

Being dismissed or fired from a job for illegal or improper reasons that violate company policy or law.

Franchisor

A franchisor is a business that grants licenses to franchisees for the operation of a business under the franchisor's brand and system.

Franchise

A type of business relationship where a franchisor allows a franchisee to use its trademark, products, and business model in exchange for a fee.