Multiple Choice
Market orientated supply-side policy makers believe all the following except that:
A) Higher tax rates increase the opportunity cost of leisure.
B) Taxes need to be cut, as they are a disincentive to work.
C) Welfare payments need to be cut, as they are a disincentive to work.
D) Labour markets need to be more flexible to encourage firms to take on more workers.
Correct Answer:
Verified
Correct Answer:
Verified
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Q40: Diagram 1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7553/.jpg" alt="Diagram 1