Individuals are allowed to deduct a percentage of their expenditures for health care from their taxable income if these expenditures are above a certain amount. This reduces the amount that must be paid in taxes. Allowing for these deductions would ________ vertical and horizontal equity of the federal income tax.
A. not change
B. improve
C. worsen
D. Any of the above answers could be correct.
Answer: B
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DVDs can be produced at a constant marginal cost, and Roaring Lion Studios is releasing the DVDs for its last two major films. The DVD for Rambeau 17 is priced at $20 per disk, and the DVD for Schreck 10 is priced at $30 per disk
If the Lerner indices for Rambeau 17 divided by the Lerner index for Schreck 10 equals 0.5, what is the constant marginal cost of producing both DVDs? A) MC = $10 B) MC = $15 C) MC = $20 D) MC = $5
The top U.S. multinational corporation in terms of both revenues and assets is
a. McDonald's b. Citicorp c. Microsoft d. Ford e. Exxon
?The first step in estimating simultaneous equations models (SEMs) with panel data is to find instrumental variables for the endogenous variables in the transformed equation.
Answer the following statement true (T) or false (F)
Which of the following products is the most likely to have constant costs in the long run?
A. ice B. wine grapes C. housing D. copper