The income effect describes:
举一反三
- 概念题：替代效应和收入效应（ substitut ion effect and income effect）
- 概念题：收入效应和替代效应（ income effect vs, substi tution effect）
- Which are the impacts of higher tax rates on net present value？ A: The tax shield effect of depreciation increase B: The tax shield effect of depreciation decrease C: the income tax increase D: the income tax decrease
- Economic studies of lottery winners and people who have inherited large amounts of money show that A: most prople's labor supply is unaffected by changes in wealth B: the income effect likely outweighs the subsitution effect for most people C: most people view leisure as an inferior good D: the substitution effect likely outweights the income effect for most people
- A wedge of water building up between the bow and nearer bank which forces the bow out and away describes ___ . A: ank cushion B: ank suction C: combined effect D: end effect