Adhering to the principle of revenue neutrality _____
a. allows for the separation of efficiency and the overall level of taxation
b. allows for the separation of equity and the overall level of progressivity
c. allows for the separation of equity and government spending
d. allows for the separation of efficiency and intergovernmental transfers
a
You might also like to view...
In 2012, the bottom one-fifth of U.S. households earned ________ of the nations total income
A) just over 3% B) just under 9% C) approximately 25% D) just under 50%
Applying neoclassical theory to the housing market, ________ cause a decrease in the user cost of housing
A) higher expected household incomes B) higher rates of household formation C) increases in the expected relative price of housing D) tighter constraints on mortgage financing
For a firm in a perfectly competitive market, its short-run supply curve is that portion of the MC curve above where it intersects with the average total cost curve.
Answer the following statement true (T) or false (F)
To determine the number of workers hired, the firm
a. looks to where MRP = the wage rate. b. looks to the point of maximum difference between MRP and the wage rate. c. looks to the point of maximum MRP. d. looks to the point of MRP = 0.