This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The figure above shows the U.S. production function. How would an increase in income taxes be shown ... (Read 43 times)

Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
on: Jun 29, 2018
The figure above shows the U.S. production function. How would an increase in income taxes be shown in the figure?
 
  A) a movement from point C to point B
  B) a movement from point A to point B
  C) an upward shift or rotation of the production function
  D) a downward shift or rotation of the production function
  E) None of the above because the effects of an increase in taxes cannot be shown in the figure.

Question 2

Martha used to pay for her expenses with her own hard-earned money. She always tried to spend as little as she could. However, she started spending more when she received a scholarship . This behavior is an example of ________.
 
  A) moral hazard
  B) a pecuniary externality
  C) the free-rider problem
  D) the paradox of thrift


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Joc

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Sportsfan2111

  • Member
  • Posts: 585
Reply 2 on: Jun 29, 2018
Gracias!

mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
How to evaluate and sketch a piecewise function pertaining to tax (Part 3) How to evaluate and sketch a piecewise function pertaining to tax (Part 3)
Simultaneous Determination of Income and Modernization Simultaneous Determination of Income and Modernization
Income per Capita versus Income of the Bottom Quintile Income per Capita versus Income of the Bottom Quintile
Complete the following production chart and plot the points. Complete the following production chart and plot the points.
The genome of a typical retrovirus is shown at the top of the diagram The genome of a typical retrovirus is shown at the top of the diagram
Video: Anaphylaxis Animation

For a complete list of videos, visit our video library