Reducing tax rates: Suppose the government decides to reform the tax system to reduce the marginal income tax rate across the board. Explain the effect on wages, the employment-population ratio, and unemployment.

When unemployment exists in the supply and demand labor market model, there is an adjustment that brings the model back into equilibrium—back to full employment.  Orthodox economists cite two mechanisms that cause the adjustment.  Explain each of these.

Let us consider Amanda can work a maximum of 60 hours per week, at a wage rate of $5 per hour. Welfare benefits are fixed at $200 per week, with a 100 percent tax back on labour earnings. Finally, the earnings supplement equals half the difference between an individual’s labour earnings and the benchmark earnings of $450 per week. This supplement can be collected only if the individual forgoes welfare benefits and works a minimum of 30 hours per week. Draw Amanda's budget constraint, and analyze the work decision. (Make sure to graph)

Wage-rate compression may create problems related to which of the following? external equity internal equity gender discrimination racial discrimination   Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Which of the following statements is correct regarding involuntary unemployment?       When there is no involuntary unemployment, firms must be employing workers without ever dismissing them.     When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment.     When there is involuntary unemployment, the employment rent is zero.     There must be involuntary unemployment in an efficiency wage equilibrium.

Many economists believe that the trend toward greater wage inequality across the U.S. economy was primarily caused by _____________.     the recession     new technologies     the rise of global markets     inflation

In a competitive labour market, an increase in the demand for labour might be due to an increase in the supply of the product that labour produces. supply of labour. wage rate. supply of the other factors. demand for the product that labour produces.

"Analyze the economic effects of a significant increase in the minimum wage within a small economy. Discuss how this change might impact employment rates, local business profitability, consumer spending, and the cost of living. Additionally, consider the potential long-term outcomes for economic growth and income inequality in this region."

A tax on labour income that does not eventually affect the number of labour hours supplied is non-distortionary. Do you agree or disagree with this statement. Explain

Question: What does the term "gender wage gap" refer to? A) The difference in employment rates between men and women. B) The difference in wages earned by men and women for the same work. C) The total earnings of men compared to women in the economy. D) The difference in the number of men and women in the workforce.