Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Let’s compare the incentives generated by two different types of public programs. The Aid to Families with Dependent Children (AFDC welfare before reform) provides an income subsidy, G, at 0 hours of work, it is taxed away at a rate t when an individual chooses to work. The Earned Income Tax Credit (EITC), on the other hand, consists of a subsidy (at rate s) for individuals working low hours, up to a max credit (C) at a certain level of income, and then is phased out (at a rate t) above a certain income cut off.
a. Draw what an AFDC budget constraint looks like, including a standard budget constraint for comparison.
b. Draw what an EITC budget constraint looks like, including a standard budget constraint for comparison. How does the EITC solve the work disincentive problem created by the AFDC? Refer to income and substitution effects in your answer.
c. The effects of the EITC on labor supply are not positive for all individuals. On a graph, illustrate a case in which the EITC reduces the number of hours worked by an individual. Explain using income and substitution effects.
Suppose you had one of the three winning tickets in last week’s Powerball Lottery; your prize would have been $188 million if you took your winnings in the form of an annuity. If the annuity were paid in 20 annual instalments using an interest rate o..
If you have an asset that costs $20 in year zero and face a MARR of 1%, what is the smallest benefit you could receive in period 5 and still find the investment acceptable?
q1. according to the article gdp every capita or every head in europe has leveled off at illustrate what fraction of
Why might a parent company like McDonalds or Hilton choose to franchise its local outlets rather than own them also staff them with employees.
Describe capital and labour productivity in engineering context and pharmaceutical industries in India. Discuss whether Indian Consumer goods industry is growing at the cost of future profitability.
What are the two distinguishing properties of a public good? Explain each in one or two sentences. Give an example of a public good.
Distinguish between the following views of monetary policy
If US real income increases, then the prediction of the monetary model of exchange rates would be that the US dollar would:
Suppose a manufacturer produces a product that it sells to retailers who sell it to consumers. Consumer demand for the product is given by inverse demand curve: P = 100 – Q. The marginal cost of production for the manufacturer is 20.
Find out the optimal price-quantity if the firm is not able to price discriminate.
mr. banks knows that line maintenance expense varies with company size and he wants to use the latter to predict the
Expansionary monetary or fiscal policy would most likely be effective in reducing which type of unemployment? .Frictional unemployment
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd