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Author Question: A study by Edward Prescott found that the ________ marginal tax rates in the United States relative ... (Read 61 times)

lilldybug07

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on: Jun 29, 2018
A study by Edward Prescott found that the ________ marginal tax rates in the United States relative to Europe resulted in a ________ quantity of labor supplied in the United States.
 
  A) higher; smaller B) lower; smaller C) lower; larger D) higher; larger

Question 2

If tax reduction and simplification are effective, then
 
  A) fewer new firms will be established, since existing firms will make more profit.
  B) saving and investment in new capital will increase.
  C) interest rates will rise in financial markets and demand for financial assets falls.
  D) real wages will rise as labor supply and demand increase.


asware1

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


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