If Ron earns $50,000 in salary and pays income taxes of $15,000, and Harry earns $50,000 from investment dividends taxed at 20 percent, this would be

A. vertical inequity.
B. horizontal inequity.
C. vertical equity.
D. horizontal equity.


Answer: B

Economics

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This graph represents the cost and revenue curves of a firm in a perfectly competitive market.According to the graph shown, if a firm is producing at Q2, and it is identical to others in the market:

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An efficiency loss (or deadweight loss) declines in size when a unit of output is produced for which:

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Economics