What is the "tax wedge"?
What will be an ideal response?
The "tax wedge" is the difference between the pretax and posttax return to an economic activity.
Economics
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Mike went to a shop to buy a pair of gloves. Who will have a higher bargaining power if the seller knows that Mike needs the gloves urgently?
What will be an ideal response?
Economics
An indication that Insurance companies anticipate adverse selection is
a. they do not require a deductible b. they do not classify clients into different risk types according to their claim history c. they do not classify clients into different risk types according to pre-existing conditions d. they require a co-payment
Economics