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Author Question: The so-called death tax might A) aim to alter endowments so as to attain an inefficient outcome. ... (Read 52 times)

skymedlock

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on: Jul 1, 2018
The so-called death tax might
 
  A) aim to alter endowments so as to attain an inefficient outcome.
  B) aim to alter endowments consistent with the First Theorem of Welfare Economics.
  C) aim to alter endowments consistent with the Second Theorem of Welfare Economics.
  D) aim to alter prices consistent with the First Theorem of Welfare Economics.

Question 2

Assume Congress decides that Social Security taxes must increase in order to fund the system. This would
 
  A) shift up the marginal cost curve for any firms that hire labor.
  B) guarantee a decrease in profits.
  C) shift up the average fixed cost curve for any firms that hire labor.
  D) guarantee an increase in tax revenues.
Microeconomics ¦ Perloff ¦ 8th Edition
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brittiany.barnes

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


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