A negative income tax program is:

a. b, c, d, and e.
b. basically an income tax in reverse.
c. based on government cash payments to the poor that are linked to their income levels.
d. designed to provide a minimum level of income to the poor.
e. based on cash payments that decline as income level increases.

a

Economics

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A common mistake made by consumers is the failure to take into account the sunk costs of their actions

Indicate whether the statement is true or false

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Contractual inflexibility is most likely to slow price adjustment in the

A) money market. B) capital market. C) real estate market. D) labor market.

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