The phase out of the subsidies for the purchase of health insurance will increase the implicit marginal tax rate on earnings for which of the following groups?
a. The elderly.
b. Individuals and families with incomes between 133 percent and 400 percent of the poverty level.
c. Individuals and families with incomes of more than 400 percent of the poverty level.
d. All workers employed by firms with fewer than 50 full-time employees.
B
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The "big tradeoff" refers to the point that governmental redistribution of income causes
A) less efficiency because it weakens incentives to work. B) less efficiency because it strengthens incentives to work. C) more efficiency because it weakens incentives to work. D) more efficiency because it strengthens incentives to work.
How would the opening of trade affect the incomes of workers in the U.S. and China? Use the case studies in the chapter on U.S. trade with China to support your answer
What will be an ideal response?