ECO 450 Week 11 Final Exam Part 2
Most empirical research indicates that the market supply curve of labor hours by prime-age males is:
The higher the compensated elasticity of supply of savings,
If the return to savings, r, is subject to taxation at rate t, then in equilibrium a saver’s marginal rate of time preference will equal:
The Haig-Simons definition of income:
Which of the following is the result of The Economic Growth and Tax Relief Reconciliation Act enacted in 2001?
The reduction in marginal tax rates will:
Which of the following is true for the federal income tax in the United States?
The excess burden of tax preferences:
Tax expenditures are:
Accelerated depreciation allows corporations to:
In the long run a corporate income tax that initially reduces the return to investment in the corpo¬rate sector will also:
If corporations maximize profits, the short-run incidence of a tax on its profits will be borne by:
If an all-equity firm has after-tax income of $100,000 based on a 34% income tax, what is the after-tax income of an equivalent firm that pays $15,000 in interest that is tax deductible?
If the supply of savings is not perfectly elastic, the corporate income tax is likely to:
Assuming that a person never receives any cash gifts or bequests, a tax on comprehensive con¬sumption is equivalent to a(n):
In most states, the retail sales tax can be regarded as equivalent to a: