Tax credits are more beneficial to taxpayers than _____
a. exemptions
b. deductions
c. expenditures
d. a and b
e. a and c
d
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If a central bank engages in an unsterilized foreign-exchange intervention with the intention of raising the foreign-exchange value of its currency,
A) the central bank's holdings of international reserves will fall. B) the domestic money supply will rise. C) domestic interest rates will fall. D) it will buy foreign assets.
All else equal, the price elasticity of demand tends to be higher when:
A. a good has many substitutes. B. the time horizon is relatively short. C. supply increases. D. people spend a small fraction of their budget on the good.
Which of the following best describes the agricultural sector for much of the 20th century and today?
A) high productivity, price elasticity of demand less than 1, income elasticity of demand greater than 1 B) low productivity, price elasticity of demand greater than 1, income elasticity of demand less than 1 C) high productivity, price elasticity of demand less than 1, income elasticity of demand less than 1 D) low productivity, price elasticity of demand less than 1, income elasticity of demand greater than 1
A congress member concerned about ensuring vertical equity in taxation would be most likely to argue for obtaining government revenue through a
A. progressive tax on personal income. B. regressive tax on corporate income. C. sales tax. D. head tax.