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college again encon questions
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Posted 4/15/2019 05:27 (#7440145 - in reply to #7440009)
Subject: RE: Here's some econ questions for him.

Wicksfield - 4/14/2019 22:37

4)  Country #1 stands on the sidelines watching industry leave  driven by high taxes and regulations.  As a result, what happens;
A)   Many workers resort to working fast food chains and become obese
B)   Not enough jobs so the workers become dependent upon welfare
C)   The country sees a downturn in revenue and resorts to borrowing past their means
D)   The workers lose pride in their country and themselves
E)   All of the above

E, all of the above. Love the veiled trickle down question. And all this time I thought it was labor that was the biggest impediment towards corporate profitability. Really hard to turn down a Mexican or Chinese laborer at $10 a week! But if only the taxes were lower and we did not have to provide benefits with regulation we could pay more. Ya right!!!
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