The supply-side effects of a change in taxes on labor income means that ________ in taxes on labor income shifts the ________
A) an increase; labor supply curve leftward
B) a decrease; labor demand curve rightward
C) an increase; labor supply curve rightward
D) a decrease; labor demand curve leftward
E) an increase; labor supply curve leftward and the labor demand curve rightward
A
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What are marketable permits? Suppose there are two firms in an area, each emitting tons of sulfur. The government decides on a target level of 200 tons of sulfur, and gives each firm a permit to emit 100 tons of sulfur
Suppose Firm A is very efficient and can reduce pollution by 100 tons with an abatement cost of $500. Firm B has an older plant, so it will cost Firm B $1,000 to reduce emissions by 100 tons. What will occur with marketable permits?
Another term for intermediaries who specialize in reducing transaction costs is
A) service providers. B) consultants. C) middlemen. D) revenue agents.