Taxation can promote good social policy while minimizing economic inefficiency
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The ECB's focus on restraining inflation is, in large part, a result of:
A) Europe's experience with inflation during the 1960s. B) Germany's experience with hyperinflation during the period between the first and second world wars. C) the ECB's distrust of some of its smaller member countries (e.g., Finland, Portugal). D) its monetary policy having no effect on economic growth.
During the past 20 years, there has been substantial FDI in China. What are the expected shortrun effects of this FDI upon the rental rate on capital and wages in China?
a. The rental rate should increase and wages should decrease. b. The rental rate and wages should both increase. c. The rental rate and wages should both decrease. d. The rental rate should decrease and wages should increase.
In the graph shown above at a price of $4.50
A. there is a shortage.
B. there is a surplus.
C. there is a both a shortage and a surplus.
D. there is neither a shortage nor a surplus.
The Trump administration hopes to expand apprenticeship programs that provide skills needed by workers. This would ________ the employment-population ratio, which would increase ________
A) increase; growth in labor productivity B) increase; the growth rate of hours worked C) decrease; growth in labor productivity D) decrease; the growth rate of hours worked