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.
Cartoon of Uncle Sam teaching states in Puck
Cohabitation in the United States
Approximately 40 percent of farmers in the United States are 55 years old or older
Age-Specific Fertility Rates
Study of human diseases
Relative lifetime risk of schizophrenia