A proponent of supply-side economics would advocate
a. reducing income taxes on saving.
b. reducing tax credits for research and development.
c. eliminating the depreciation allowance.
d. increasing the corporate income tax.
a
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Around 25 percent of the federal government's budget goes towards redistributive programs
a. True b. False
Which of the following is generally considered the most regressive type of tax?
a. gift tax b. federal income tax c. excise tax d. payroll tax
A tradable permit is an example of command-and-control regulation
a. True b. False Indicate whether the statement is true or false
Quantity DemandedPriceQuantity Supplied52$5073624562724051823542923033If government set a maximum price of $45 in the above market:
A. a surplus of 21 units would arise. B. a shortage of 21 units would arise. C. it would not change the free market equilibrium. D. a surplus of 40 units would arise.