The _____ of an income tax comes from the _____ effect
a. excess burden; substitution
b. excess burden; income
c. excess benefits; substitution
d. excess benefits; income
a
Economics
You might also like to view...
Winnie's Car Wash is a perfectly competitive firm. The table above shows Winnie's total product schedule. If the price of a car wash is $5, what is the value of marginal product of the 4th worker?
A) $300 B) $50 C) $70 D) $10
Economics
Interest rates typically rise when
A) bond prices increase. B) bond prices decrease. C) the coupon payout on existing bonds increase. D) the maturity date on existing bonds extends farther into the future.
Economics