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Author Question: A pessimistic view of the 1986 tax reform is that Congress simplified the tax code _____. a. ... (Read 20 times)

Frost2351

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A pessimistic view of the 1986 tax reform is that Congress simplified the tax code _____.
 
  a. because it represented a Pareto superior move
  b. created new loophole opportunities that did not exist previously
  c. in order to increase the efficiency in the system
   d. because it was in the best interests of the special interests

Question 2

If a firm is a price taker in both the labor market and the output market, it will
 
  A) earn zero economic profit in the short run.
  B) hire labor until the marginal product of labor equals zero.
  C) hire labor until the marginal revenue product equals the output price.
  D) hire labor until the marginal revenue product equals the wage rate.


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AISCAMPING

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