This topic contains a solution. Click here to go to the answer

Author Question: If the government replaces a lump sum tax with a proportional labor income tax, then A) ... (Read 210 times)

Chloeellawright

  • Hero Member
  • *****
  • Posts: 588
If the government replaces a lump sum tax with a proportional labor income tax, then
 
  A) employment and output increase.
  B) employment increases and output decreases.
  C) employment decreases and output increases.
  D) employment and output decrease.

Question 2

The nominal interest rate ________.
 
  A) makes no allowance for inflation
  B) is a percentage of the amount borrowed
  C) is the rate that most banks advertise
  D) all of the above
  E) none of the above



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vish98

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

D

Answer to Question 2

D




Chloeellawright

  • Member
  • Posts: 588
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


ricroger

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

For a complete list of videos, visit our video library