Payroll tax-employers pay to finance unemployment insurance

Assignment Help Business Economics
Reference no: EM13860645

Your friend, Sarah Occupy, is complaining, “The one percent is at it again! They want to cut the payroll tax that employers pay to finance unemployment insurance. This will help employers but do nothing to help the workers.” Is Sarah right or wrong? Use economic analysis (graphically illustrated) to support your answer.  

Reference no: EM13860645

Questions Cloud

Legislature passes proposed law-will increase labor cost : The Governor of Arkansas has asked you (her crack economic advisor) to analyze how employment in trucking and poultry processing will be affected if the legislature passes a proposed law that will increase labor cost in both industries by ten percent..
Making the production process more capital-intensive : Suppose a union that represents some but not all of the employees in an industry is considering a strong push for increased pay for their members during the upcoming contract negotiations. However, they are concerned about the possibility that the co..
Considering removing the monopoly rights : The City Council in Bigtown is considering removing the monopoly rights of Bigtown Cable TV, Inc. Bigtown Cable is arguing that the competition in the cable TV market will be chaotic and result in a loss of jobs. As the staff economist for the City C..
Reduces the cost of computer operated lathes : If skilled machinists with advanced computer training and computer operated lathes are complements in production in high tech manufacturing but computer operated lathes are substitutes in production for machinists without computer training (unskilled..
Payroll tax-employers pay to finance unemployment insurance : Your friend, Sarah Occupy, is complaining, “The one percent is at it again! They want to cut the payroll tax that employers pay to finance unemployment insurance. This will help employers but do nothing to help the workers.” Is Sarah right or wrong? ..
What was the growth rate of GDP per worker : Botswana is one of the few economic success stories in Africa. While still plagued with many problems (e.g. one of the highest rates of AIDS infection in the world), it has managed to transform itself among the poorest countries to a middle income co..
Cost of pollution control differs widely : Suppose an environmental regulation requires all polluters to reduce emissions by 50%, even though the cost of pollution control differs widely from one polluter to another. Why might this be inefficient, using the definition of efficiency developed ..
Pecans or walnuts : Smith likes cashews better than almonds and likes almond better than walnuts. He likes pecans equally as macadamia nuts and prefers macadamia nuts to almonds. Pecans or walnuts?
The marginal cost pricing model : The marginal cost pricing model calculates a markup over marginal costs using estimates of the price elasticity of demand. Will any other pricing strategy result in higher profits?

Reviews

Write a Review

Business Economics Questions & Answers

  When he took over the furniture factory three years ago

When he took over the furniture factory three years ago [the manager] realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap.

  The comparative advertising wars

When thousands of products and their prices are at stake, does it make sense that comparative advertising at the store level be permitted? Based on what you read and any further research you choose to do, has Wal-Mart competed fairly with its compara..

  What is the price elasticity of demand for gizmos

Where, q is the quantity demanded at price p when the person’s income is I. Assume initially that the person’s income is $40,000. Show your work/ calculations. At what price will demand fall to zero? At a price of $10, what is the price elasticity of..

  Calculate equilibrium wage and employment if market is free

Suppose the labour market in the house cleaning industry in Quebec City can be described by the following demand and supply equations: LD = 400 - 10w and LS = 40 + 20w. Calculate the equilibrium wage and employment if the market is free.

  Allied electrons must purchase a new automatic soldering

Allied Electrons must purchase a new automatic soldering machine to meet increased demand for its electronic goods. Of all the machines considered

  How do fixed costs play a role in your analysis

How do fixed costs play a role in your analysis? What is the difference between shutting down and going out of business?

  Why disregard the portion of the supply curve

disregard the portion of the supply curve that corresponds to prices where there is no output.

  She is considering major attributes that she considers

Roshima is researching universities where she could study for her MBA degree. She is considering 3 major attributes that she considers important in her choice

  Find out the equilibrium level of gdp

Find out the equilibrium level of GDP. Next find the multiplier for government purchases and fixed taxes. If full employment comes at y+1800, what are some policies that would move GDP to that level.

  Illustrate what must the new price be to achieve the goal

If the current price of its product is $80 also there is no change in quantity if price is increased, illustrate what must the new price be to achieve the goal.

  Average costs are minimized

Elucidate Average costs are minimized when marginal costs are at their lowest point.

  Analyze the role of credit rationing

Analyze the role of credit rationing in both a developed country and a less-developed country. How does the role of credit rationing influence economic growth and employment in these two countries?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd