Market orientated supply-side policy makers believe all the following except that:
A) Higher tax rates increase the opportunity cost of leisure.
B) Taxes need to be cut, as they are a disincentive to work.
C) Welfare payments need to be cut, as they are a disincentive to work.
D) Labour markets need to be more flexible to encourage firms to take on more workers.
Correct Answer:
Verified
Q22: Raising the tax threshold serves to
A) Increase
Q23: Refer to table 1. A person
Q24: Which can be considered a supply-side policy?
A)
Q25: If tax rates are increased then:
A) The
Q26: Financial deregulation can lead to:
A) An explosion
Q28: Privatization is when:
A) The government deregulates markets.
B)
Q29: Deregulation is when:
A) The government sub-contracts with
Q30: Refer to table 1, which shows
Q31: The Laffer curve shows the relationship between
A)
Q32: Crowding-in would occur if a:
A) Government increased
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents