The major advantage of the flat tax is its
a. simplicity.
b. progressively.
c. fairness.
d. use of tax credits.
a. simplicity.
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The tables above show the marginal costs and benefits from production of paper. If the market is perfectly competitive and unregulated, the equilibrium output is ________ of paper
A) 1,600 tons B) 2,400 tons C) 3,200 tons D) 4,000 tons
An "equal opportunity" admissions process to college would widen educational disparities between whites and blacks
Indicate whether the statement is true or false
Which of the following is a flow concept?
A. Wealth B. Gallons of water in a pool C. Body weight D. Expenditures
The U.S. produces and sells millions of different products. To aggregate them together into a single measure of domestic output, the quantity of each good produced is weighted by its ________.
A. utility to consumers B. cost of production C. market price D. contribution to corporate profits