Inheritance taxes tend to increase income inequality in the long run
a. True
b. False
Indicate whether the statement is true or false
False
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Suppose that the marginal propensity to consume (MPC) is .75 and there is an increase in investment spending of $100,000. As a result, equilibrium real Gross Domestic Product (GDP) would increase by
A) $400,000. B) $75,000. C) $100,000. D) $750,000.
Which of the following can prevent markets from reaching efficiency? I. decreasing marginal benefit II. taxes III. quantity regulations that limit the quantity that may be produced
A) I and II B) I and III C) II and III D) I, II and III
In the above figure, if the market is unregulated, the equilibrium quantity is
A) 0 units. B) 70 units. C) 80 units. D) 100 units.
Which of the following is NOT a characteristic of populist regimes?
A) Nationalistic ideologies B) Focus on economic growth C) Focus on income redistribution D) Using economic tools to reach specific goals regarding labor, the orientation of business or the role of foreigners E) Focus on controlling inflation