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

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a. A high sales tax on consumer items

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

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Essentials Of Economics

ISBN: 9781319221317

5th Edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Mar 09, 2024 08:00 AM

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

Question:

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a Recall one of the principles from Chapter 1 one persons spen...View the full answer

Essentials Of Economics

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