1)Which one of the following is not a valid explanation for why workers may pref

Question

1)Which one of the following is not a valid explanation for why workers may prefer an extra dollar

Which one of the following is not a valid explanation for why workers may prefer an extra dollar's worth of fringe benefits to an extra dollar's worth of cash? Select one: workers may prefer to bind themselves against their own tendencies toward immediate gratification. certain fringe benefits effectively trade current taxes for future taxes. people generally prefer in-kind benefits to cash. certain fringe benefits are untaxed.

Explanation / Answer

1]b. certain fringe benefits effectively trade current taxes for future taxes

2]a. a diminishing marginal rate of substitution of fringe benefits for wages

3]d. D

4]b. E

5]c. The government began to subject some fringe benefits to the personal income tax

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