In October 2008, President Bush Enacted the Alternative Minimum Tax

question 139

Multiple Choice

In October 2008, President Bush enacted the Alternative Minimum Tax Relief Act of 2008, which resulted in lower taxes on labor income. According the supply-side view, as a result of this act the incentive to work ________ and the tax wedge ________.

• A) decreases; increases
• B) increases; does not change
• C) increases; decreases
• D) increases; increases

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Definitions:

Linguistic Intelligence

Linguistic intelligence is one of Howard Gardner's multiple intelligences, referring to the ability to think in words and use language to express and appreciate complex meanings.

Howard Gardner

An American developmental psychologist best known for his theory of multiple intelligences, which posits that people have various kinds of intelligences, not just a single, general ability.

Skillful Production

Refers to the capacity to create or manufacture things with a high level of expertise and quality.

Use of Language

Involves the manner in which words and syntax are employed to communicate thoughts and information.