A country is ruled by a wise, unselfish, absolute dictator.
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A country is ruled by a wise, unselfish, absolute dictator. The government collects a tax on wages and spends the money
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A country is ruled by a wise, unselfish, absolute dictator. The government collects a tax on wages and spends the money on a public good. There is no corruption, nor are there any political considerations regarding how much of the public good the government produces. How would the amount of the public good supplied by this dictator compare in the case where labor is supplied inelastically versus the case where the labor supply curve is upward sloping? Explain your answer.
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