Economists favor a negative income tax because they believe
a. that it will create more jobs for economists to monitor the program.
b. the current welfare programs have excessively high work incentives, which result in less total work.
c. it is more efficient than the existing welfare system because NIT provides better work incentives.
d. All of the above are true.
c
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A citizen who acquires good information about the candidates before voting in a presidential election thereby
A) imposes spillover costs on all other registered voters. B) increases the probability others will also acquire information before voting. C) incurs a substantial cost; yet, his vote no discernible effect on the election. D) makes it much more likely a candidate will be elected who will promote that voter's interests. E) makes it much more likely a good candidate will be elected.
In January, buyers of gold expect that the price of gold will fall in February. What happens in the gold market in January, holding everything else constant?
A) The demand curve shifts to the right. B) The quantity demanded decreases. C) The demand curve shifts to the left. D) The quantity demanded increases.