Most economists prefer regulation to taxation because regulation corrects market inefficiencies at a lower cost than taxation does
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If GDP falls:
A) income and production must both fall. B) income and production must both rise. C) income must rise, but production may rise or fall. D) none of the above.
Economics
Which of the following is a rival good that is nonexcludable?
a. public good b. private good c. common resource d. none of the above
Economics
The payroll tax system is a proportional tax for all income earners.
Answer the following statement true (T) or false (F)
Economics
Generally, the gender pay gap increases as the level of educational attainment
a. increases b. decreases c. neither of the above because it depends on how hard a person works d. neither a nor b because such data are not available
Economics