Federal individual income taxes illustrate the ability-to-pay principle of taxation
a. True
b. False
A
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Producer surplus is the ________ summed over the quantity sold
A) value of a good minus the price received for it B) price received for a good minus the value of the good C) price received for a good minus its marginal cost D) marginal cost of making a good minus the price received for it
The property tax is very popular because
A. it is fairly assigned. B. it is administered locally. C. it is very regressive. D. all of these answer options are correct. E. none of these answer options are correct.
The ________ curve is vertical
A) long-run aggregate demand B) short-run aggregate demand C) long-run aggregate supply D) short-run aggregate supply
Under which chair did the Fed implement the policy of inflation targeting?
A) Volcker B) Bernanke C) Greenspan D) Geithner