How do the high implicit marginal tax rates that often occur when transfer payments are inversely linked to earnings affect the incentive of poor people to work and earn?
a. A poor person's incentive to earn is increased.
b. A poor person's incentive to earn is reduced.
c. The incentive of the poor to earn is unaffected.
d. The incentive of the poor to earn reported income is increased, but the incentive to earn unreported income is reduced.
B
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Which statement is true?
A. Poverty has been a problem only since 1933. B. Poverty cannot be inherited. C. There are more poor Americans today than at any other time in our history. D. Poverty is less of a problem today than it was in the early 1960s.
The value of a worker's marginal product of labor:
A. only depends on a worker's stock of human capital. B. is lower for workers with more human capital. C. is not affected by a worker's stock of human capital. D. is higher for workers with more human capital.
Recall the Application about the price competition between satellite and cable TV services to answer the following question(s).Recall the Application. In most cases where satellite TV service is introduced in an area with cable TV service, if the price of cable TV decreases, then consumer surplus (in the cable TV market):
A. increases. B. decreases. C. drops to zero. D. becomes negative.
________: cooperative pool formed by oligopolists to set artificially high prices
Fill in the blank(s) with correct word