Henry George and the single-tax movement believed in all of the following, except:
A. Rental income is unfair because landlords do not really earn it from any productive effort
B. Rental income should be taxed heavily, and should be the primary source of revenues for the government
C. Taxing rental income would adversely affect allocative efficiency because the tax would change how landlords use their land
D. The single-tax on rent would not adversely impact the society's productive efficiency
C. Taxing rental income would adversely affect allocative efficiency because the tax would change how landlords use their land
You might also like to view...
Markets can be missing if:
A. there is a lack of technology that would make the exchanges possible. B. there is a ban on the sale of a particular good. C. there is a lack of accurate information between potential buyers and sellers. D. All of these are true.
As long as the marginal revenue curve lies above the horizontal axis,
a. total revenue must exceed total cost b. the total revenue curve must have a positive slope c. marginal revenue must exceed marginal cost d. profit must be rising e. the firm must be earning a profit
According to international trade theory, a country can gain
a. if it protects domestic industries from low-wage foreign producers. b. only if the trade harms its trading partners. c. by importing goods when they can be obtained more economically from foreign producers. d. if it maximizes the employment in domestic industries that face competition from foreign producers who have lower costs.
Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B