« previous next »

Author Question: Disposable personal income is defined as A) personal income less personal taxes. B) personal ... (Read 131 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
Disposable personal income is defined as
 
  A) personal income less personal taxes.
  B) personal income less personal taxes plus indirect sales taxes.
  C) personal income less transfer payments plus personal taxes.
  D) personal income less depreciation.

Question 2

How will a government-imposed minimum wage affect the equilibrium level of employment in a competitive labor market and in a monopsony labor market?
 
  What will be an ideal response?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Jossy

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

In a competitive labor market, a minimum wage should reduce the equilibrium level of employment. In the case of a monopsony, imposing a minimum wage removes market power from the single firm and encourages the firm to hire more workers than it would otherwise.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Ebrown

  • Hero Member
  • *****
  • Posts: 567
Reply #2 on: Jun 29, 2018
Thank you


Jossy

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

The term wasp is typically defined as any insect of the order Hymenoptera and suborder Apocrita that The term wasp is typically defined as any insect of the order Hymenoptera and suborder Apocrita that
A disposable cautery unit. A disposable cautery unit.
Determination of Income Inequality Determination of Income Inequality
Income Inequality in the United States: 1947–2009 Income Inequality in the United States: 1947–2009
Personal Finance (5th Edition) (The Personal Series in Finance) Personal Finance (5th Edition) (The Personal Series in Finance)
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Blood Flow Through the Kidneys

For a complete list of videos, visit our video library