Taxes are one method of funding the poverty alleviation programs by the government. Which of the following is an important impact of taxes?
a. Taxes increase workers' incentives to work for longer hours.
b. Taxes raise the disposable income of the workers.
c. Imposition of taxes makes the government popular among the people.
d. Taxes reduce the opportunity cost of leisure.
e. Taxes reduce the demand for labor.
d
Economics
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A French citizen lives in Detroit, but works in Windsor, Canada; his income is counted in U.S. GDP
Indicate whether the statement is true or false
Economics
Economists initially viewed the Phillips curve as a structural relationship, meaning that the relationship between the two measured variables
A) can change only slightly over time. B) can change greatly over time. C) will not change over time. D) will change in the short run but not in the long run.
Economics