The hiring of a brilliant tax lawyer by a firm that wants to find tax loopholes
a. encourages economic efficiency by moving resources away from the government into the private sector
b. encourages economic efficiency only if the firm's profit increases
c. is an example of economic inefficiency caused by devoting resources to wealth redistribution rather than to production
d. involves the firm in a zero-sum game against other firms
e. involves the firm in a zero-sum game against the government
C
You might also like to view...
Which of the following statements is true?
A) Macroeconomics studies how individuals make choices. B) Microeconomics is the study of an economy as a whole. C) The study of the inflation rate is covered under microeconomics. D) The study of the unemployment rate is covered under macroeconomics.
All of the following explain the impact lag except the time between
A) a change in the money supply and a change in interest rates. B) a change in interest rates and a change in investment. C) a change in investment and the change in GDP. D) a change in the economy and the use of a tool of monetary policy.
Which person is most likely to be poor? A person who is
A. over 65 years of age. B. black. C. white and under 6 years of age. D. living in a female-heading family with children under 18.
The rate of growth in real Gross Domestic Product (GDP) minus the rate of growth of the population is the
A. unemployment rate. B. rate of growth of nominal GDP. C. employment growth rate. D. rate of growth of per capita real GDP.