This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What does empirical evidence suggest about the elasticity of labor supply? What does this suggest ... (Read 170 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
What does empirical evidence suggest about the elasticity of labor supply? What does this suggest about the burden of the payroll tax in the United States?
 
  What will be an ideal response?

Question 2

What are the tools that a country can use to restrict international trade?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amit

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Jun 29, 2018
Answer to Question 1

Empirical studies of labor supply behavior in the United States suggest that for most of the work force, the elasticity of labor supply is close to zero. Therefore, most of the payroll tax in the United States is probably borne by workers.

Answer to Question 2

A country can use tariffs, import quotas, other import barriers such as health, safety, and regulation barriers, and voluntary export restraints to restrict international trade. Export subsidies given by a nation decrease other countries' exports and thereby restrict their international trade.


rosent76

  • Member
  • Posts: 516
Reply 2 on: Jun 29, 2018
:D TYSM

juliaf

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Common skin signs are often evidence of an illness or disorder. An erosion or ulcer is an eating or ... Common skin signs are often evidence of an illness or disorder. An erosion or ulcer is an eating or ...
Serum protein electrophoresis gel of 10 sera. Lanes 1, 2, 3, 5, 8, and 9 show evidence of an ... Serum protein electrophoresis gel of 10 sera. Lanes 1, 2, 3, 5, 8, and 9 show evidence of an ...
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
The origin and spread of modern H. sapiens, reconstructed from genetic and fossil evidence. The origin and spread of modern H. sapiens, reconstructed from genetic and fossil evidence.
Experimental evidence of cytoplasmic localization in an amphibian oocyte. Experimental evidence of cytoplasmic localization in an amphibian oocyte.
Experimentally acquired evidence for gene annotation Experimentally acquired evidence for gene annotation
Video: Transferring genes into plants Animation

For a complete list of videos, visit our video library