To the Extent That High Incomes Can Be Attributed to Very

question 252

Multiple Choice

To the extent that high incomes can be attributed to very high demand for very scarce abilities, the labor supply effects of a substantial increase in the tax rate

• A)will be zero as long as the labor supply curve is vertical.
• B)will be significant because the demand curve is fixed.
• C)cannot be predicted because the substitution and income effects offset each other.
• D)will be zero as long as there is no economic rent in the income.

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Definitions:

Biopower

A term by Foucault referring to the practice of modern states to regulate their subjects through "an explosion of numerous and diverse techniques for achieving the subjugations of bodies and the control of populations."

Normalization

The process by which norms come to be accepted and internalized by society members.

Self-fulfilling Prophecy

A belief or expectation that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.

Passive Euthanasia

The withholding or withdrawal of life-sustaining treatments, allowing a person to die naturally, rather than artificially prolonging life.