Multiple Choice
Which of the following is false?
A) a lump-sum tax does not depend on any action taken by a consumer.
B) in practice, no taxes are lump-sum.
C) lump-sum taxes are realistic.
D) all taxes have distorting effects on the behavior of economic agents.
Correct Answer:
Verified
Correct Answer:
Verified
Q45: The Solow residual is a measure of<br>A)
Q46: The utility function captures<br>A) how consumers interact.<br>B)
Q47: A consumer's real disposable income equals<br>A) wage
Q48: A pure positive income shock leads to<br>A)
Q49: A static decision is one that<br>A) is
Q51: The time constraint for the consumer is<br>A)
Q52: An increase in taxes has the following
Q53: The optimal consumption bundle is the point
Q54: When consumption and leisure are both normal
Q55: In macroeconomic analysis,the representative consumer<br>A) denotes the