What circumstances favor nonneutral taxes?
A. only the presence of other distortionary taxes
B. both inelastic demand and the presence of externalities
C. only the presence of externalities
D. both the presences of externalities and other distorting taxes
Answer: D
You might also like to view...
Refer to the scenario above. What is the probability of picking a blue ball from the box?
A) 16.66% B) 33.33% C) 49.99% D) 54.44%.
A(n) ________ of a nation's currency will cause imports to ________ and exports to ________, all other things held constant
A) depreciation; increase; decrease B) appreciation; decrease; increase C) depreciation; decrease; increase D) appreciation; increase; increase E) depreciation; decrease; decrease
Which of the following do NOT provide charters?
A) the Office of the Comptroller of the Currency B) the Federal Reserve System C) the National Credit Union Administration D) state banking and insurance commissions
Given that all countries have the same Cobb-Douglas production function, i.e. Y/N = (K/N)b, a ten-fold difference in per capita income requires a difference in capital per capita by a factor of
A) 10. B) 10b. C) 101/b. D) b.