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PART SIX THE ECONOMICS OF LABOR MARKETS
11.
labor supply is quite inelastic. How do you suppose their views about income redistribution differ?
Do you agree or disagree with each of the following statements? What do your views imply for public policies, such as taxes on inheritance?
a. “Every parent has the right to work hard and save in order to give his or her children a better life.”
b. “No child should be disadvantaged by the sloth or bad luck of his or her parents.”