Flat taxes are more equitable than graduated tax schedules.
A. True
B. False
C. Uncertain
C. Uncertain
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Employing the TIT for TAT strategy in a repeated prisoners' dilemma game means _____
a. that you will lose b. defecting when the other person cooperates c. attacking when the other person defects d. cooperating as long as the other person cooperates
Comparing individuals taxes paid in one year with their incomes paid that year is likely to _____
a. overstate the progressive nature of the tax system b. overstate the regressive nature of the tax system c. understate the progressive nature of the tax system d. overstate the regressive nature of the tax system
Suppose a hefty rise in the demand for Mexican pesos creates a chronic shortage of this currency in the foreign exchange market. Which of the following steps should be adopted by the Mexican government to eliminate this shortage?
a. The government should impose a ban on Mexican exports. b. The government should devalue the peso. c. The government should print more pesos to increase its supply. d. The government should allow the peso to appreciate. e. The government should allow the peso to depreciate.
Government agencies may fail to identify anticompetitive behavior ifÂ
A. competitors have been forced out of business due to inefficient production and the inability to keep prices low. B. dominant firms raise prices to keep rivals competitive. C. cartel members decide to disinherit a member firm. D. Wall Street supports lower prices.