Which of the following is not advantage of a negative income tax?
a. A negative income tax is simple to administer.
b. A negative income tax is equivalent to a cash transfer.
c. A negative income tax retains the paternalistic nature of in-kind transfers.
d. A negative income tax could replace many transfer programs.
c
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Suppose that the Bank of Japan buys U.S. dollar assets with yen-denominated assets. Everything else held constant, this transaction will cause ________ in the foreign assets held by the Federal Reserve and ________ in the U.S. monetary base
A) an increase; an increase B) an increase; a decrease C) a decrease; an increase D) a decrease; a decrease
Which of the following would cause the demand for computer programmers to increase?
a. a decline in the productivity of computer programmers b. an increase in the productivity of computer programmers c. an increase in the wages of computer programmers due to legislative action (that is, the establishment of a price floor for computer programmers) d. a reduction in the price of a competitive input that can be substituted for computer programmers