« previous next »

Author Question: Disposable personal income is defined as A) personal income less personal taxes. B) personal ... (Read 202 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?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Disposable, single use thermometer strip Disposable, single use thermometer strip
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Distribution of the Income of Americans Distribution of the Income of Americans
How the Distribution of Education Affects the Distribution of Income How the Distribution of Education Affects the Distribution of Income
Relationship between Income Inequality and the Desired Tax Rate Relationship between Income Inequality and the Desired Tax Rate
Effect of an Exogenous Shift in Income Effect of an Exogenous Shift in Income
Video: Digestive System Animation

For a complete list of videos, visit our video library