One advantage of a negative income tax is _____
a. it minimizes the deadweight loss from taxation
b. leisure becomes an inferior good
c. it is identical to an in-kind payment in terms of utility
d. it is easy to administer
d
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Which of the following generates productive efficiency?
A) government inspectors B) government production rules and regulations C) competition among sellers D) competition among buyers
Increases in the prices of imported energy in 2002-2008 caused the aggregate supply curve to shift inward
a. True b. False Indicate whether the statement is true or false
The value attributed to the land is the total estimated value of the property, assuming its highest and best (ideal) use, less the estimated value of the ______________
Fill in the blank(s) with the appropriate word(s).
Which of the following participants in the working of a firm are referred to as residual claimants?
A. entrepreneurs B. workers C. managers D. all of these