Which of the following is not advantage of a negative income tax?
a. A negative income tax is simple to administer.
b. A negative income tax is equivalent to a cash transfer.
c. A negative income tax retains the paternalistic nature of in-kind transfers.
d. A negative income tax could replace many transfer programs.
c
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In which industry(ies) are firms price takers?
a. oligopolies b. monopolies c. perfect competition d. oligopolies and monopolies e. monopolistic competition
When the United States ran large budget deficits during 2001-2011,
a. private investment was strong and consumer expenditures declined as a percentage of GDP. b. private investment was weak and consumption increased as a share of GDP. c. the trade deficit of the United States shrank, indicating that borrowing from foreigners was declining. d. the deficits were financed exclusively through borrowing from domestic sources.
An increase in demand shifts the demand curve to the left
a. True b. False Indicate whether the statement is true or false
The nominal interest rate is:
A. the interest rate paid to borrowers. B. not adjusted for inflation. C. the interest rate paid by savers. D. the price level adjusted interest rate.