« previous next »

Author Question: If the marginal tax rate rises above t = 63, tax revenue will decrease because A) workers refuse ... (Read 56 times)

@Brianna17

  • Hero Member
  • *****
  • Posts: 550
on: Jul 1, 2018
If the marginal tax rate rises above t  = 63, tax revenue will decrease because
 
  A) workers refuse to pay taxes since the tax rate is too high.
  B) workers are in the downward-sloping portion of labor supply.
  C) workers reduce working hours in response to the wage loss.
  D) None of the above.

Question 2

Changing the price of a good will usually result in a negative externality.
 
  Indicate whether the statement is true or false


yasmina

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

False. The effects of a price change are not externalities.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

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

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
Acceptable ranges of respiratory rate Acceptable ranges of respiratory rate
Sample Workout in the Target Heart Rate Range Sample Workout in the Target Heart Rate Range
How to convert units of any rate to another (Part 2) How to convert units of any rate to another (Part 2)
United States, southwestern and southern states are suffer from a significant decrease in rainfall United States, southwestern and southern states are suffer from a significant decrease in rainfall
AAC, Inc. is planning to issue $5,000,000 in 180-day maturity notes paying a rate of 12 percent ... AAC, Inc. is planning to issue $5,000,000 in 180-day maturity notes paying a rate of 12 percent ...
Video: ATPase function - membrane transport, contractile proteins and synthesis

For a complete list of videos, visit our video library