An increase in labor supply will increase the equilibrium wage ...

[imowrer]

An increase in labor supply will increase the equilibrium wage rate.
 a. True
  b. False

Question 2

Income assistance benefits are
 a. taxed at a high marginal rate, in the sense that benefits sharply decrease as earned income increases
  b. taxed at a 20 percent marginal rate
  c. taxed at a high marginal rate in order to provide work incentives
  d. unaffected by increases in earned income
  e. positively related to income from other sources

[k.lashomb]

Answer to Question 1

B

Answer to Question 2

A

[imowrer]

Wow, this really help

[dyrone]

Thanks for the timely response, appreciate it