LABOR ECONOMICS
LABOR ECONOMICS
8th Edition
ISBN: 9781260004724
Author: BORJAS
Publisher: RENT MCG
Question
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Chapter 2, Problem 14P

(a)

To determine

Graphically illustrate the worker’s original budget line and the budget line under the negative income tax (NIT).

(b)

To determine

Determine that the worker will choose to work fewer hours if NIT is adopted.

(c)

To determine

Determine whether the worker’s utility be greater under NIT. 

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