Describe the advantages that a negative income tax has over other programs that have the same purpose.
What will be an ideal response?
First, a negative income tax is less costly to administer than other poverty-fighting programs because it can be administered routinely by the IRS. Second, it avoids the stigma of handouts. Finally, it actually creates an incentive to work because the more income earned, the higher is the household's after-tax income.
Economics
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The capture theory of regulation assumes that regulation benefits
A) producers. B) consumers. C) government. D) the general public. E) the regulators.
Economics
The argument that the minimum wage law has significantly increased teenage unemployment is not supported by recent statistical analysis.
Answer the following statement true (T) or false (F)
Economics