In general, more efficient taxes have:
A. lower administrative burdens.
B. more complexity.
C. lower revenues given the size of the tax.
D. All of these statements are true.
A. lower administrative burdens.
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A Giffen good could be either a normal good or an inferior good
Indicate whether the statement is true or false
If the rural wage is 4 and the formal urban wage rate is 10, there will be rural to urban migration if the formal urban unemployment rate is
(a) 50% (b) 60% (c) 70% (d) all of the above
The deficit is financed through new taxes
a. True b. False
During periods when the inflation rate fluctuates widely,
a. all relative prices increase at the same rate, leaving money prices constant b. economic efficiency increases because decision makers pay closer attention to changes in money prices c. uncertainty about changes in relative prices causes a decrease in economic efficiency d. all money prices increase at the same rate, leaving relative prices constant