1.

Over the past 200 years real after-tax wages have increased all over the world at the same time that hours worked have fallen for individuals all over the world. This is most consistent with O Substitution Effects dominating Income Effects O Substitution Effects equaling Income Effects O An absence of either Income or Substitution Effects Income Effects dominating Substitution EffectsIf a 10% tax cut causes a more than 10% increase in production of the taxed item, then we can say that we are on the of the Laffer Curve and that the tax cut will help to make an existing trade deficit negative. O Downward-sloping; more O Upward-sloping; less O Downward-sloping; less O Upward-sloping; moreSchooling is subsidized in the United States in part O so that the golden rule capital level can be reached. O because there is a positive externality from schooling. O because otherwise people would not get educated. O because there is a constitutional right to education.Which of the following is not a regularly feature of the economic growth data seen in class? .3: Economic growth is positively correlated with producing C02 emissions. .3: Economic growth is positively correlated with a widening of the income distribution Q Economic growth is positively correlated with life expectancy .3: Economic growth is positively correlated with women's years spent in school