Author Question: A study by Edward Prescott found that the ________ marginal tax rates in the United States relative ... (Read 81 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
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.



asware1

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Everyone has one nostril that is larger than the other.

For a complete list of videos, visit our video library