The notion that similar taxpayers should pay similar amounts of taxes is known as
a. vertical equity.
b. the benefits principle.
c. horizontal equity.
d. taxpayer efficiency.
c
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What determines the position and shape of a society’s production possibilities frontier?
A. The physical resources of that society B. The skills of the workforce C. The level of technology of the society D. The amount of factories in the society E. All of the responses are correct.
Complete crowding out occurs when the
A) IS curve is horizontal. B) IS curve is vertical. C) LM curve is horizontal. D) LM curve is vertical.
Which of the following is a source of market risk?
a. Holding stocks in many companies carries the risk of a reduced average return. b. Real GDP varies over time and sales and profits move with real GDP. c. When a paper producer has declining sales, it is likely that so will other paper producers. d. If stockholders become aggravated with the way a CEO runs a company, the price of that company's stock might fall in the stock market.
What is the marginal revenue of producing the third unit?No. units producedTotal RevenueTotal Costs0001100502180110325018042902705310380
A. 0 B. 70 C. 90 D. 250