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What is the difference between a progressive tax and a regressive tax? Give an example of each. percentage of their incomes iAssume the market for labor is initially in equilibrium. Suppose opportunities in other labor markets decrease. Explain the eAssume the market for labor is initially in equilibrium Suppose opportunities in other labor markets decrease. Explain the efAssume the labor market is initially in equilibrium. Suppose the productivity of labor increases. What effect will this have

What is the difference between a progressive tax and a regressive tax? Give an example of each. percentage of their incomes in tax than do people with higher incomes, and a regressive tax is a tax for A progressive tax a tax for which people with lower incomes pay a which people with lower incomes pay a percentage of their incomes in tax than do people with higher incomes. higher lower
Assume the market for labor is initially in equilibrium. Suppose opportunities in other labor markets decrease. Explain the effect of this change in the labor market. If opportunities in other labor markets decrease, then O A. the labor supply curve will shift to the right. B. the labor supply curve will shift to the left. C. the labor demand curve will shift to the left. D. the labor demand curve will shift to the right
Assume the market for labor is initially in equilibrium Suppose opportunities in other labor markets decrease. Explain the effect of this change in the labor market. If opportunities in other labor markets decrease, then A. the labor supply curve will shift to the right. B. the labor supply curve will shift to the left. C. the labor demand curve will shift to the left. D. the labor demand curve will shift to the right.
Assume the labor market is initially in equilibrium. Suppose the productivity of labor increases. What effect will this have on the labor market? If the productivity of labor increases, then the O A. labor demand curve will shift to the left. O B. labor demand curve will shift to the right. O C. labor supply O D. labor supply curve will shift to the left. curve will shift to the right.
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Answer #1

A progressive tax is a tax for which individual with lower income pays smaller percentage of income as their tax whereas regressive tax is a tax for which people with lower income pays higher percentage of their income as tax .

option A is correct Labor Supply curve will shift to the right because less opportunities are available in the market to get employed

Option B is correct because of increase in productivity of labor , firms will demand more of labor to produce more

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