On what kind of income is our tax system based?
A) nominal B) adjusted C) real D) inflationary
A
Economics
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The effect of unions tends to ____ output in the union sector and ____ output in the non-union sector
a. increase; increase. b. increase; decrease. c. decrease; increase. d. decrease; decrease.
Economics
Consider points A, B, C, and D shown in the accompanying Edgeworth box diagram.
(i) Which of these points do Bart and Lisa both prefer to the endowment point O?
(ii) Which of these points are Pareto optimal?
(iii) Which of these points are competitive equilibria? Justify your answers.
Economics