« previous next »

Author Question: If the marginal tax rate rises above t = 63, tax revenue will decrease because A) workers refuse ... (Read 54 times)

@Brianna17

  • Hero Member
  • *****
  • Posts: 550
on: Jul 1, 2018
If the marginal tax rate rises above t  = 63, tax revenue will decrease because
 
  A) workers refuse to pay taxes since the tax rate is too high.
  B) workers are in the downward-sloping portion of labor supply.
  C) workers reduce working hours in response to the wage loss.
  D) None of the above.

Question 2

Changing the price of a good will usually result in a negative externality.
 
  Indicate whether the statement is true or false


yasmina

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

False. The effects of a price change are not externalities.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Water potentials decrease (become more negative) as one moves from soil to plant to atmosphere Water potentials decrease (become more negative) as one moves from soil to plant to atmosphere
A steady needle reading that rises 2 or 3 inches Hg when the engine speed is increased slightly ... A steady needle reading that rises 2 or 3 inches Hg when the engine speed is increased slightly ...
How to convert units of any rate to another (Part 3) How to convert units of any rate to another (Part 3)
If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ... If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ...
AAC, Inc. is planning to issue $5,000,000 in 180-day maturity notes paying a rate of 12 percent ... AAC, Inc. is planning to issue $5,000,000 in 180-day maturity notes paying a rate of 12 percent ...
Specialized Workers: Soldier Ant Specialized Workers: Soldier Ant
Video: Inflammation Animation

For a complete list of videos, visit our video library