If the government replaces a lump sum tax with a proportional labor income tax, then

A) employment and output increase.
B) employment increases and output decreases.
C) employment decreases and output increases.
D) employment and output decrease.

D

Economics

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How do the characteristics of perfect competition and monopolistic competition differ?

What will be an ideal response?

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A tax of $1,000 per person would make the federal income tax more _____.

Fill in the blank(s) with the appropriate word(s).

Economics