Lump sum taxes _____
a. are difficult to model theoretically but easy to apply
b. have a small excess burden
c. have no welfare cost
d. require perfectly elastic demand curves
c
Economics
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What are social costs? How do they differ from private costs?
What will be an ideal response?
Economics
In the signaling theory of education,
a. schooling itself does not lead to more productive workers. b. chance plays more of a role than in the human-capital theory. c. schooling enhances worker productivity. d. compensating differentials do not matter.
Economics