The marginal tax rate is ?

Related Mcqs:

If the income effect is smaller than the substitution effect, higher net wages will ?

A. reduce the supply of labour. B. increase the demand for labour C. increase the supply of labour D. have no effect on the supply of labour...

Differences in wages that result from differences in working conditions are known as ?

A. occupational differentials B. search differentials C. job differentials. D. compensating differentials...

Permanent income is ?

A. Social Security income of the elderly and disabled B. none of these answers C. wages fixed by a union or other labour contract D. equal to the minimum wage E. a person’s normal or average income...

Supply of land in a given use ?

A. will be perfectly inelastic in the long run. but upward sloping in the short run B. is perfectly inelastic since there is a fixed amount of land C. is perfectly elastic since there is fixed amount of land D. will be upward sloping because as land becomes more valuable in once use, the amount … Supply of land in a given use ?Read More...

A Gini coefficient of zero means that the ?

A. the income is split equally between the top 20% and the rest of the distribution B. one person has all the income and every one else has nothing C. all the income is received by the top 20% of the income distribution D. income is equally distributed...