Which of the following tax structures helps in reducing income inequality?
a. Proportional tax structure
b. Regressive tax structure
c. Indirect tax structure
d. Progressive tax structure
e. A combination of proportional and regressive tax structure.
d
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A private subsidy has what effect on the amount of a good or service produced? Is a subsidy an appropriate policy to offset the inefficiency from an external cost or an external benefit?
What will be an ideal response?
The short-run supply curve is _______________ and the long-run supply curve is _______________ in a perfectly competitive market in which all firms have identical cost structures.
A. upward sloping; upward sloping B. upward sloping; perfectly elastic C. perfectly elastic; upward sloping D. downward sloping; upward sloping
Draw a production possibilities frontier for an economy, with the axes labeled "military goods" and "peace goods." Indicate the region that is attainable and the region that is not. Explain the shape of the curve-what assumptions did you make in drawing it?
What is the name of the agreement related to intellectual property rights?
What will be an ideal response?