A tax on labor income ________ a deadweight loss for low-wage workers and ________ a deadweight loss for high-wage workers.

Name: A tax on labor income ________ a deadweight loss for low-wage workers and ________ a deadweight loss for high-wage workers.
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A tax on labor income creates a deadweight loss for both low-wage and high-wage workers by distorting the labor market, leading to less employment or work hours than would occur in a tax-free scenario.

A Tax on Labor Income ________ a Deadweight Loss for Low-Wage