If we were at point ____ it would be possible to produce more heart transplants and more round-the-world trips.
A. P
B. Q
C. R
D. S
A. P
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Are lump-sum taxes regressive or progressive? Is the deadweight loss of taxation the same for different types of taxes?
What will be an ideal response?
Is monopolistic competition efficient?
What will be an ideal response?
The "pay or play" approach means that
A. If the government does not pay off the deficit, deficit reduction will become the top political-economic priority. B. If businesses do not pay for training, workers have no obligation to work for them. C. If employers do not provide training activities, they must pay the government to do so. D. Businesses must go along with the administration or pay the consequences.
Joe earns $10,000 in income and pays $1,000 in taxes while Jack earns $30,000 and pays $4,000 in taxes. The structure of this tax is:
A. regressive. B. progressive. C. a head tax. D. proportional.