When the deficit increases under the concept of Ricardian Equivalence, what happens to savings in the private sector?
A) savers hedge on purchases B) nothing
C) savings decrease D) savings increase
D
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Examples of incentive pay include
a. allowing employees a certain number of personal days b. providing onsite parking for employees c. cleaning the worksite with weekly janitorial service d. prizes to the employee team to win a project goal tournament
Figure 4-9
Refer to . The market for gasoline was initially in equilibrium at point b and a $.40 excise tax is illustrated. How much revenue would the $.40 gasoline tax raise?
a.
$18 million
b.
$36 million
c.
$72 million
d.
$100 million
Using the information in the table above, calculate the value of GDP
A) $185 million B) $145 million C) $195 million D) $140 million
Are lump-sum taxes regressive or progressive? Is the deadweight loss of taxation the same for different types of taxes?
What will be an ideal response?