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Author Question: If the substitution effect dominates the income effect, then an increase in the wage rate will ... (Read 39 times)

Chloeellawright

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on: Jun 30, 2018
If the substitution effect dominates the income effect, then an increase in the wage rate will increase the quantity of labor supplied by an individual.
 a. True
  b. False

Question 2

The federal government's earned-income tax credit
 a. provides support only for elderly and disabled poor
  b. represents a type of in-kind transfer program
  c. provides food assistance to the working poor
  d. reduces taxes if the poor buy housing
  e. offers an income tax refund to the working poor greater than the taxes they paid


reversalruiz

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

E


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