Which of the following attributes of fiscal policy will most likely be stressed by a proponent of supply-side economics?
a. the impact of budget deficits on interest rates and aggregate demand
b. the impact of government spending on aggregate demand, output, and employment
c. the impact of marginal tax rates on the supply and productivity of resources
d. the impact of budget deficits on the rate of taxation in the future
C
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Suppose you are paid a wage of $50 per hour. if your marginal income tax rate is 20%, then for every additional hour you work, your tax wedge is
A) $10. B) $20. C) $25. D) $40.
State mechanic lien laws
(a) required licensing of mechanics. (b) permitted laborers to make claims against the assets of an employer or business if it fell into bankruptcy. (c) assured payment for value added by labor to property of third parties. (d) gave property owners with goods held "in bailkment" a guarantee of competent repair work by mechanics.