Which of the following is not advantage of a negative income tax?
a. A negative income tax is simple to administer.
b. A negative income tax is equivalent to a cash transfer.
c. A negative income tax retains the paternalistic nature of in-kind transfers.
d. A negative income tax could replace many transfer programs.
Question 2
If the income elasticity of potatoes is -0.7, then the income effect caused by a price decrease of potatoes
A) tends to increase the consumption of potatoes.
B) tends to decrease the consumption of potatoes.
C) is less than the substitution effect.
D) None of the above.
Nonverbal communications convey strong, powerful messages that may be negative or positive.
The Abecedarian study was designed to help very low-income African American children prepare for ...
The fact that a mother works outside the home has no negative effect on the well-being of her child ...
The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population
Negative feedback mechanism.
Construct a Lorenz curve that shows income distribution in this society.