A negative income tax program is
a. based on government cash payments to the poor that are linked to their income levels
b. basically an income tax, meaning you receive what you earn then pay your taxes for the poor who don't pay tax
c. basically in-kind assistance
d. designed to provide a maximum level of income to the poor
e. based on cash payments that increase as income increases
A
You might also like to view...
Consider the usual case where a higher wage rate increases firms' marginal costs. In this case, the industry's demand curve for labor
a. is more inelastic than the individual firms' demand curves would indicate. b. coincides with the horizontal sum of individual firms' demand curves. c. contains only substitution effects but no scale effects. d. is horizontal at the going market wage.
Which of the following is a macroeconomic factor that contributed to the financial crisis in 2007?
A) Global saving and investment imbalances B) Financial market innovation C) Deeper levels of integration across financial markets D) Challenges and failures in financial regulation
The dollar value of a waste-end charge that would achieve efficiency in this market is
Use the following forany or all of Questions 11 through 13 below. Consider the following model of the municipal solid waste (MSW) services market in the city of Houston. MSC = 1.5 + 1.25Q MSB = 30 – 2.5Q MEC= 0.75Q MEB= 0 whereQ is the number of trash containers serviced per household per month. a. $7.60 c. $9.5 b. $11 d. none of the above
How is the long-term result of entry and exit in a perfectly competitive market different from that in a monopolistically competitive market?