Taxes provide individuals with incentive to:
(a) Increase the number of working hours.
(b) Increase productivity by working longer and harder.
(c) Direct resources to uses where taxes are relatively low or nonexistent.
(d) Buy and save more.
(c)
Economics
You might also like to view...
All else constant, an improvement in technology would cause a firm's marginal, average variable, and average total cost functions to increase (graphically, shift up)
Indicate whether the statement is true or false
Economics
Refer to the above figure. The equilibrium level of real Gross Domestic Product (GDP) is
A. $7 trillion. B. $12 trillion. C. $6 trillion. D. $20 trillion.
Economics