ECON MICRO
5th Edition
ISBN: 9781337000536
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 18, Problem 4.8P
To determine
As to how work incentives are affected by the implicit tax on earned income and how do some people avoid the implicit tax.
Concept Introduction:
Implicit Tax – It refers to the indirect cost that is incurred as the result of getting employment, because welfare program assistance is missed.
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