A tax provision that works much like a negative income tax is the
a. Earned Income Tax Credit (EITC).
b. Temporary Assistance for Needy Families (TANF).
c. deduction for charitable contributions.
d. mortgage interest rate deduction.
a
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An individual firm hiring labor in a competitive labor market faces a(n)
a. horizontal supply curve of labor b. backward-bending supply curve of labor c. downward-sloping supply curve of labor d. upward-sloping supply curve of labor e. vertical supply curve of labor
Congress relies on economists at the Congressional Budget Office to
a. enforce the nation's antitrust laws. b. set the nation's monetary policy. c. provide evidence that incumbent members of Congress are performing well in their jobs. d. provide independent evaluations of policy proposals.
Vertical equity means that
A. people pay a flat rate. B. equal people are treated unequally. C. people across the income scale are treated fairly with regard to ability to pay. D. equal people are treated equally.
The federal gasoline tax is assessed on a per-gallon basis and the proceeds are used for highway maintenance and improvements. This tax is consistent with the:
A. ability-to-pay principle of taxation. B. benefits-received principle of taxation. C. single-tax theory of taxation. D. pay-as-you-go theory of taxation.