Solve all questions compulsory... 1. A payrol tax Is born entirely by workers if the supply of labor is perfectly inelastic. True or false? Explain 2. When the tax rate on wages falls (so that the take home wage or effective wage increase), the busget line rotates out along the consumption axis. True or false? Explai

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST1: Government Spending And Taxation
Section: Chapter Questions
Problem 2CQ
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Solve all questions compulsory... 1. A payrol tax Is born entirely by workers if the supply of labor is perfectly inelastic. True or false? Explain 2. When the tax rate on wages falls (so that the take home wage or effective wage increase), the busget line rotates out along the consumption axis. True or false? Explain
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