The administrative burden of any tax system is part of the inefficiency it creates
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
A recommended policy for developing countries to stimulate economic growth would be:
A. Abolishing central banks B. More central planning by government C. Encouraging more direct foreign investment D. Expansion of employment in state industries
If one worker can pick $30 worth of grapes and two workers together can pick $50 worth of grapes, the
A. marginal revenue product of each worker is $25. B. marginal revenue product of the second worker is $20. C. marginal revenue product of the first worker is $20. D. data given does not permit the determination of the marginal revenue product of either worker.
If the price of chicken rises from $1.25 per pound to $1.75 per pound, if the demand curve is consistent with the law of demand, then the quantity of chicken demanded would be predicted to go from
A. 100 pounds to 125 pounds per day. B. 100 pounds to 75 pounds per day. C. 100 pounds to 100 pounds per day, because the price of chicken does not affect the quantity demanded. D. 100 pounds to 0 pounds per day, because consumers would stop purchasing chicken at a price above $1.25 per pound.
Which element of total planned expenditure is NOT included in "autonomous planned spending"?
A) cY B) -cT C) NX D) Ip E) a