1.1. Explain how each of the following policies creates a disincentive to work or undertake a risky...

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1.1. Explain how each of the following policies creates a disincentive to work or undertake a risky investment.

a. A high sales tax on consumer items

b. The loss of a housing subsidy when yearly income rises above $25,000

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Economics

ISBN: 978-0716771586

2nd Edition

Authors: Paul Krugman ,Robin Wells

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