Which of the following statements is true?
A. Taxing the wealthy will lead to a more efficient economy.
B. Taxing the poor will lead to a more equal distribution of income.
C. A basic trade-off exists between the goals of equity and efficiency for a society.
D. The forces of supply and demand will automatically lead to an equitable distribution of income.
C. A basic trade-off exists between the goals of equity and efficiency for a society.
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A decrease in a wage taxes causes the opportunity cost of leisure to increase.
Answer the following statement true (T) or false (F)
Some policymakers have proposed giving parents of children in poorly performing schools tax dollars to help send their children to private schools. This proposal is an example of
A) vouchers. B) public provision. C) external costs. D) taxes. E) correcting an externality using a government good.
When wages are viewed as benefits instead of costs of a project, it is an example of the
A. labor game. B. chain-reaction game. C. double-counting game. D. dating game.
The U.N.'s Millennium Aid Goal is for nations to increase their foreign aid levels to 0.7 percent of donor country GDP.
Answer the following statement true (T) or false (F)