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6. Consider two policies: 1) The government re- quires everyone to buy a standard health insur- ance policy that costs $5,000; 2) the government taxes everyone $5,000, but cuts taxes by $5,000 for anyone who buys the standard health insur- ance policy. Do these policies have different ef- fects on the size of government?

6. Consider two policies: 1) The government re- quires everyone to buy a standard health insur- ance policy that costs $5,000; 2) the government taxes everyone $5,000, but cuts taxes by $5,000 for anyone who buys the standard health insur- ance policy. Do these policies have different ef- fects on the size of government?

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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6. Consider two policies: 1) The government re- quires everyone to buy a standard health insur- ance policy that costs $5,000; 2) the government taxes everyone $5,000, but cuts taxes by $5,000 for anyone who buys the standard health insur- ance policy. Do these policies have different ef- fects on the size of government?
Transcribed Image Text:6. Consider two policies: 1) The government re- quires everyone to buy a standard health insur- ance policy that costs $5,000; 2) the government taxes everyone $5,000, but cuts taxes by $5,000 for anyone who buys the standard health insur- ance policy. Do these policies have different ef- fects on the size of government?
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