Incidence of payroll tax is borne by employers-employees

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Reference no: EM13978597

True or False

1. The incidence of a payroll tax is borne by both employers and employees.

2. MRP represents what the marginal physical product is worth.

3. If the MRP of labor is below the wage rate, the firm should lay off workers.

4. In comparison to the U.S., Germany has a relatively low percentage of union membership.

Reference no: EM13978597

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