Thursday
July 31, 2014

Homework Help: Economics

Posted by Johnny on Monday, June 6, 2011 at 10:08pm.

If the labour supply curve is nearly vertical, a tax on labour



1. has a large deadweight loss.

2. will raise small amounts of tax revenue.

3. has little impact on the amount of work workers are willing to do.

4. will raise small amounts of tax revenue and it has little impact on the amount of work workers are willing to do.

Answers is 4. Because at 50% or vertical maximum revenue is raised.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Economics - I am working on the cost of taxation. Question: The market for pizza...
Economics - Suppose that the equilibrium quantity in the market for widgets has ...
LABOUR ECON...TAX QUESTION - k here is the question suppose a government imposed...
economics - Suppose that the free market labour supply and labour demand ...
Economics - Upper Slobbovians smoke 10 million cigarettes per year, so do Lower ...
microeconomics - TRUE OR FALSE: 9. Assume that the Minimum Wage has increased to...
Economics - A tax imposed on a maket with an inelastic demand and an elastic ...
Advanced Economics - Advanced economics question(Keynes),HELP PLEASE? 1. except ...
Economics - One supply-side measure introduced by the Reagan administration was ...
Microeconomics - In the context of a supply-demand diagram of the low-skill ...

Search
Members