In some countries, people with low incomes receive benefits. As their income increases, these benefits are cut and income tax becomes payable. What may happen as a result?
- Aprice stabilisation
- Bpoverty trap
- Creplacement ratio
- Dunemployment trap
Economics 9708 · AS & A Level · Long-run costs and economies of scale
In some countries, people with low incomes receive benefits. As their income increases, these benefits are cut and income tax becomes payable. What may happen as a result?