If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person’s income is Rs 31,000 then her marginal tax rate is ?

Related Mcqs:

one of the tenets of the classical view of the labor market is that the wage adjustments that are necessary to clear the labor market occur ?

A. quickly B. slowly C. very infrequently D. instantly...

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10% then they are experiencing ?

A. inflation B. a supply shock C. crowding out D. inflation illusion...

The classical view of the labor market is basically consistent with the assumption of _________ aggregate supply curve?

A. a vertical (or almost vertical) B. a downward sloping C. a horizontal (or almost horizontal) D. an upward sloping...

According to the classical economists, those who are not working ?

A. have chosen not to work at the market wage B. have given up looking for a job but would accept a job at the current wage if one were offered to them. C. are too productive to be hired at the current wage D. are unable to find a job at the current wage … According to the classical economists, those who are not working ?Read More...

In the classical model, potential output cannot be increased by ?

A. monetary growth B. better technology C. more capital D. higher labor supply...