Progressive income taxes are designed to
a. make the distribution of income less equal.
b. leave unchanged the distribution of income.
c. let the market determine the distribution of income after taxes.
d. make the distribution of income more equal.
d
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A financial intermediary that sells shares in itself to the public, and then uses the funds to buy a wide variety of financial assets is called a:
A. commercial bank. B. mutual fund. C. stock exchange. D. credit union.
When a transfer price is set lower
a. the buying division will chose to purchase less from the selling division b. the buying division will chose to purchase more from the selling division c. the selling division will chose to purchase less from the buying division d. the selling division will chose to purchase more from the buying division
Consumer sovereignty is the freedom to
a. start a business b. defend one's property against theft c. negotiate price in the market d. buy or not buy goods and services e. consume what one needs
The type of industry organization that is characterized by recognized interdependence and non price competition among firms is called
a. advertising strategy. b. market structure. c. price discrimination. d. oligopoly.