Country A's tax system is more efficient than Country B's tax system if
a. Country A collects less tax revenue than Country B, and the cost to taxpayers is the same in both countries.
b. Country A collects more tax revenue than Country B, even though the cost to taxpayers is greater in Country A than in Country B.
c. the same amount of revenue is raised in both countries, but the cost to taxpayers is smaller in Country A than in Country B.
d. the same amount of revenue is raised in both countries, but the taxes are collected in a shorter amount of time in Country A than in Country B.
c
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John Maynard Keynes described periods of irrational pessimism and optimism that affect the investment behavior of firms as animal spirits. When considering the investment behavior of firms, animal spirits can be thought of as changes in the
A) actual marginal product of capital. B) capital stock. C) expected marginal product of capital. D) user cost of capital.
Ingrid's Ice cream Parlor has an own price elasticity of 5 . It has an approximate share of 10% in the market for ice cream. What is the aggregate own price elasticity of the market?
a. 0.1% b. 0.5% c. 0.7% d. 1%
A tight monetary policy tends to ____________ our net exports.
Fill in the blank(s) with the appropriate word(s).
Recall the Application the Joint Committee on Taxation and how Congress accounts for the dynamic effects of its policies to answer the following questions.According to the Application, the Trump Tax cuts would have increased the deficit by ________ billion, without taking into account the dynamic effects.
A. $1456 B. $1591 C. $286 D. $641