A proportional tax tends to:
a. reduce income inequality.
b. increase overall income inequality.
c. leave the income distribution essentially unchanged.
d. increase income inequality among the rich.
e. generate additional tax revenues for the government.
c
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In which of the four market structures do sellers act as price takers?
A) Perfect competition B) Monopolistic competition C) Monopoly D) Oligopoly
The law of diminishing marginal returns is the same as increasing returns to scale.
Answer the following statement true (T) or false (F)
Bond prices in the marketplace will fall when
A. interest rates fall. B. the company is losing money. C. interest rates rise. D. the company is making money.
Policymakers often consider trade restrictions in order to protect domestic producers from foreign competitors
a. True b. False Indicate whether the statement is true or false