Question: can you please state true false or uncertain and explain...
Can you please state true false or uncertain and explain the reasoning in 4 or more sentences
4)If the amount of tax paid by an individual with income level Y is equal to T(Y) = X + 0.3Y, then if X = 0 the tax is proportional, while if X < 0 the tax is progressive.
5)The direct and excess burdens from an excise tax are greater the less elastic is demand in the market. [Hint: Assume perfectly elastic supply.]
6) The measured unemployment rate can only decrease if some of those unemployed get jobs and become counted as employed.