A tax that is higher for men than for women violates the criterion of
a. horizontal equity.
b. vertical equity.
c. the ability-to-pay principle.
d. the marriage tax.
a
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Products produced domestically and sold in foreign countries are called ________, and products produced in foreign countries and sold domestically are called ________
Fill in the blank(s) with correct word
For a profit maximizing monopolist, if the MC = 10 and price is set to be 20, then the elasticity at this price is
A) -2. B) -1. C) -0.5. D) 0.
Which of the four types of decision makers in the U.S. economy plays the largest role?
a. U.S. firms and government because they produce the products that households consume b. U.S. households because they supply goods to the product markets and are demanders in resource markets c. foreign households, firms, and governments because they greatly outnumber those of the United States d. U.S. firms and government because they create employment for domestic households and produce goods and services e. U.S. households, as buyers in product markets and sellers in resource markets
Drug companies tend to attribute higher drug prices on
A. doctors distributing too many free samples. B. high invention costs and long testing processes. C. high invention costs. D. long testing processes.