--%>

Incentive to work and earn income

The incentive to work and earn income is likely to be least powerful if an individual who faces. (w) low income tax rates. making the cost of leisure high, and who possesses important amounts of valuable human capital. (x) high effective income tax rates, and who accepts only low transfer income if not working. (y) low income tax rates. raising the cost of leisure, and who gets only low transfer income while not working. (z) high effective income tax rates and is either paid high levels of transfer income when not working or inherits considerable wealth by thrifty and industrious parents.

Hello guys I want your advice. Please recommend some views for above Economics problems.

   Related Questions in Microeconomics

  • Q : Corollary of the law of equal marginal

    The corollary of the law of equal marginal benefit is the principle of: (1) Equal marginal utilities per dollar. (2) Diminishing marginal utility. (3) Income injection. (4) Substitution in demand. (5) Diminishing returns. Can someo

  • Q : Consumers and corrupt governmental

    I have a problem in economics on Consumers and corrupt governmental processes. Please help me in the following question. John Kenneth Galbraith believes that the big corporations: (1) Must be broken up to the foster competition. (2) Manipulate the con

  • Q : Biography-Thorstein Veblen The thought

    The thought that the desire of people to purchase goods is culturally recognized as opposed to the price determined is the vision of: (i) Irving Fisher. (ii) Karl Marx. (iii) Thorstein Veblen. (iv) Ludwig von Mises. (v) Antoine Augustin.

    Q : Marginal product I can't discover the

    I can't discover the answer of this question of my economy assignment. Help me out to go through this question. If any variable input is not scarce input, then at maximum output what would be its marginal product?

  • Q : Scope of spiral and waterfall approach

    Explain the difference in changing the scope between a spiral approach and a waterfall approach?

  • Q : Buying something when expect a price to

    Buying since you expect a price to increase, at that point you will sell, which is termed as: (w) arbitration. (x) speculation. (y) profiteering. (z) arbitrage. Hey friends please give your opinion for the problem

  • Q : Destitute Percentage of Income The

    The percentage of American families that stay put destitute year after year is around: (w) 1 2%. (x) 3 5%. (y) 5 7%. (z) 8 10%. Hello guys I want your advice. Please recommend some views for above Economics problem

  • Q : Problem regarding Wage Discrimination I

    I have a problem in economics on Problem regarding Wage Discrimination. Please help me in the following question. The economic term applied if equally productive workers are paid various wages is: (i) Wage discrimination. (ii) Racism. (iii) Employment

  • Q : Production and costs in monopolistic

    In the short run, no profit-oriented monopolistically-competitive firm still knowingly generates any output unless: (1) an economic profit is assured. (2) total revenues are expected to equal or exceed its total variable costs. (3) the average wage ra

  • Q : Intermediaries earn income to help

    In the long run within a market system, all intermediaries earn income only when they help sellers and buyers: (w) raise surpluses. (x) by innovating new products. (y) reduce transaction costs. (z) ga