Which of the following tax systems could not be structured to satisfy conditions of vertical equity?
a. a proportional tax
b. a regressive tax
c. a progressive tax
d. a lump-sum tax
d
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In the above figure, the economy is initially at point B. If the exchange rate falls, there is
A) a movement to point C. B) a movement to point A. C) a shift to AD2. D) a shift to AD1.
After implementation of the Single European Act, value added taxes in the EU were
A) completely harmonized. B) unchanged. C) partially harmonized with minimum and maximum permissible values set by the EU. D) eliminated except on a few items in each country. E) cut in half in order to increase the role of corporate taxes.
A business cycle expansion increases income, causing money demand to ________ and interest rates to ________, everything else held constant
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
Allowing individuals to manage a portion of their Social Security funds is
A) socialization. B) privatization. C) democratization. D) regeneration.