final - Economics 290: Canadian Microeconomic Policy Final...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Economics 290: Canadian Microeconomic Policy Final Exam August 15, 2006 Instructions: (1) There are 11 questions in this exam. (2) Please limit your answer to the space provided below each question. (3) Please keep your answer short, and clarity will be rewarded. (4) Explain your answers and show how you got them. N a m e : Student Number: 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
1. [7 points] Explain how the comprehensive income is measured in terms of the sources and uses. What are the difficulties involved in measuring the comprehensive income? 2. [7 points] Suppose that initially a person’s return on savings was taxable. Now the government is planning to eliminate this tax and replace it by a lump-sum tax that leaves the person exactly as well-off as he was before. What would be the impact of this policy change on the person’s savings? Why? 2
Background image of page 2
3. [7 points] Why do many economists believe that the excess burden of the income tax in labor markets is low and that the tax on labor income is borne fully by workers?
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/12/2009 for the course ECON 290 taught by Professor J liu during the Fall '06 term at Simon Fraser.

Page1 / 10

final - Economics 290: Canadian Microeconomic Policy Final...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online