Question

In a labor market with one employer, the marginal factor cost is:

	a.	above the labor supply curve.
	b.	what determines the wage.
	c.	above the labor demand curve.
	d.	downward sloping.

Which of the following statements is true?

	a.	Discrimination is no longer a problem in the United States.
	b.	A negative income tax system is a plan where those below a certain income receive a cash payment from government.
	c.	A negative income tax system is a plan where everyone pays the same percentage of their income as taxes.
	d.	Discrimination against women and blacks reduces the demand for these workers resulting in lower wages paid these workers.

​

As shown in Exhibit 12-9, a family of four does not pay income taxes at:

	a.	an income of $25,000.
	b.	all levels of income.
	c.	any income between zero and $20,000.
	d.	any income above $20,000.

Answer 1