Horizontal equity is achieved when taxes are collected from those who benefit from the government expenditure of the tax revenue
Indicate whether the statement is true or false
FALSE
You might also like to view...
The following table provides nominal exchange rates for the U.S. dollar.CountryForeign currency/dollarDollar/foreign currencyPoland(Zloty)4.367.229South Africa(rand)6.944.144Based on these data, the nominal exchange rate equals approximately ________ zloty per South African rand or, equivalently, ________ rand per Polish zloty.
A. 0.021; 47.640 B. 0.629; 1.590 C. 47.640; 0.021 D. 1.590; 0.629
Refer to the table below. Relative to their starting position, people in the fourth-fifth of the income distribution have seen the greatest decrease in their share of income.
A. True
B. False
C. Uncertain
The relationship between households' planned consumption expenditures and households' level of disposable real income is called
A) the consumption function. B) the savings function. C) the investment function. D) the household aggregate demand function.
The total of all planned production for the entire economy is known as
A. aggregate supply. B. aggregate demand. C. aggregate expenditures. D. aggregate inflation.