The idea of the "big tradeoff" points out the costs of
A) using a results approach to fairness when the rules approach is correct.
B) transferring income using taxes that decrease efficiency.
C) price hikes during natural disasters.
D) using a rules approach to fairness when the results approach is correct.
E) None of the above answers is correct.
B
You might also like to view...
An economy's standard of living grows over the long run because of: a. better protection of domestic industries from foreign competition. b. centralized planning and decision making
c. technological improvements. d. stringent foreign trade policies. e. high growth rate of population.
The logistical costs associated with implementing a tax are called the:
A. deadweight loss. B. administrative burden. C. total surplus. D. tax revenue.
Which of the following is true of the crises experienced in the 1990s?
a. Most of the economic crises occurred in Mexico. b. Each of the countries affected by the crisis in Southeast Asia owed substantial long-term debt to foreigners. c. During this time, bank loans were a sizable fraction of GDP in all the crisis countries except Mexico. d. Stock prices dropped by an amount ranging from 21 percent in Malaysia to 35 percent in Korea. e. Exchange rate against the U.S. dollar dropped substantially in the Philippines.
The Congressional Budget Office, which is staffed by economists, provides Congress with independent evaluations of policy proposals
a. True b. False Indicate whether the statement is true or false