1.A company has two locations where it employs workers doing the same job and working the same hours. Other things the same most workers would prefer to live in location A, but location A has a higher cost of living than location B.
2.
Refer to Scenario 20-1. Which group would be most in favor of the switch from the current progressive tax policy to the new policy?
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3. Economic mobility in the United States is so great that fewer than
5. In empirical analyses of factors that help explain wages,
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1)a.The company likely needs to pay workers in location A more.
2) c.)Libertarians, because they believe in diminishing marginal utility
3) a) 3 percent of families are poor for 8 or more years.
4) The figure is not given but it refers to additional output obtained by employing an additional worker
5) b.)economists typically find that measurable factors explain less than half of the variation in wages.
6 b.)make the distribution of income more equal.
7 b) higher than the percentage of adults aged 18 to 64 but is lower than the percentage of children under age 18 in poverty.
8) d.) are likely to eventually go out of business.
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