Question
When considering an income tax of the form Y = (1 t) wH , we can conclude that it would be distortionary because it
When considering an income tax of the form Y = (1 t) wH , we can conclude that it would be distortionary because it will alter the relative consumptio choice. alter both the labour-leisure trade-off and the relative conumption choice. alter the labour-leisure trade-off. not be distortionary, this is a trick question.
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Calculus Early Transcendentals
Authors: James Stewart
8th edition
1285741552, 9781305482463 , 978-1285741550
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