All welfare programs are means-tested income transfers
Indicate whether the statement is true or false
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During the international crises of 1837 and 1857,
(a) the U.S. and England were connected financially. (b) the British were pursuing heavy internal improvements. (c) the U.S. was in the midst of heavy industrial expansion. (d) all of the above were true.
If people expect the price of shorts to rise next month, the demand for shorts will
a. decrease now. b. increase now. c. stay the same now and increase next month. d. stay the same now and decrease next month. e. stay the same now and next month.
Vertical equity states that taxpayers with a greater ability to pay taxes should
a. contribute a decreasing proportion of each increment in income to taxes. b. contribute a larger amount than those with a lesser ability to pay. c. be less subject to administrative burdens of a tax. d. be less subject to tax distortions that lead to deadweight losses.
Why are producers are willing to offer greater quantities for sale at higher price because of?
What will be an ideal response?