A negative income tax system was designed to
a. provide in-kind benefits to the poor
b. provide minimal income to the poor
c. reduce taxes on the rich when their incomes surpass the maximum income tax bracket
d. create income payments to the poor specifically for medical assistance
e. allow people to challenge the tax rate they are currently paying
B
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What will be an ideal response?
Patrick is considering two different jobs in the same city-one as a bicycle courier, and the other as a mail room clerk. Both require equivalent training. He finds neither job very appealing, but, if they pay the same wage rate, Patrick would prefer to work as a mail room clerk. In order for Patrick to find the two jobs equally attractive, the
a. mail room job must pay a compensating wage differential b. mail room job must pay a preference premium c. courier job must pay a compensating wage differential d. courier job must involve longer working hours e. mail room job must involve longer working hours