Suppose the government established a new program that would use revenues from a payroll tax to finance

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Suppose the government established a new program that would use revenues from a payroll tax to finance 85 percent of the maintenance and repair cost of automobiles incurred by those who are employed. How would this legislation influence.

(a). The prices of auto repair and maintenance services,

(b). Total spending on these services,

(c). The cost of this program in the years immediately ahead? Do you think this program should be adopted? Why or why not?

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Economics Private And Public Choice

ISBN: 9780357133996

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 17, 2023 10:00 AM

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Suppose the government established a new program that would use revenues from a payroll tax to finance

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a The prices of auto repair and maintenance services would likely increase as a result of this legis...View the full answer

Economics Private And Public Choice

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