Taxes levied on sharply defined bases tend to distort choice ________ and impose ________ excess burden than taxes on more broadly defined bases.
A. less; larger
B. more; smaller
C. more; larger
D. less; smaller
Answer: C
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Essential components of a game include all of the following except:
a. players b. payoffs c. actions d. an information set e. cooperation
The invention of the Bessemer converter in 1856:
a. increased the cost of continuous and coordinated operations of a steel industry. b. motivated downstream integration of the steel industry into coal mining. c. increased the efficient scale of steel production. d. increased volumetric interdependence between different stages of steel production.
The difference between the national debt and a federal budget deficit is
What will be an ideal response?
A rise in the general level of prices over time is called ________.
A) deflation B) inflation C) disinflation D) deflection