Refer to Figure 5.3. Which of the following statements is false?
A. Points a, b and c all represent best choices for the consumer.
B. It is possible for the consumer to afford better bundles than a.
C. Point b satisfies the tangency condition.
D. It is possible for the consumer to afford better bundles than c.
A. Points a, b and c all represent best choices for the consumer.
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A redistributive program that taxes the rich and gives to the poor _____
a. is an example of equality of opportunity in action b. is an example of equality of results in action c. is an example of the an economically efficient transfer d. is an example of a procedural theory of justice in action
Robert Mugabe is:
A. the president of Zimbabwe. B. the economist who invented inflation. C. the head of the World Bank. D. the chairperson of the Federal Reserve.
At the time the government of Bulgrovia issued new bonds, they issued them at a price that reflected the risk-free rate because investors had no concerns regarding default risk, so did not require a risk premium. That risk-free rate was 4%. These bonds currently have one year to maturity and you notice the yield is 20%. Can you calculate the probability that the Bulgrovian government will default?
What will be an ideal response?
________ occurs when households can alter their behavior and do something to legally avoid paying a tax.
A. Tax incidence B. Tax shifting C. Tax evasion D. Tax depreciation