Tax loopholes are equally available to all taxpayers.

Answer the following statement true (T) or false (F)


False

Economics

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What is the relationship between wants, resources, scarcity, and choices? Discuss the relationship for an individual and for a society

What will be an ideal response?

Economics

The Lucas critique indicates that

A) advocates of discretionary policies' criticisms of rational expectations models are well-founded. B) advocates of discretionary policies' criticisms of rational expectations models are not well-founded. C) expectations are important in determining the outcome of a discretionary policy. D) expectations are not important in determining the outcome of a discretionary policy.

Economics

If the MPC = 1, the spending multiplier is:

a. infinite. b. zero. c. 10. d. 100. e. 1.

Economics

If marginal product is zero, we know that

A) total product is also zero. B) average product is also zero. C) total output is maximized. D) average product is constant.

Economics