Involuntary transfers are the type of transfers used in the case against government.
Answer the following statement true (T) or false (F)
True
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The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
An increase in U.S. federal government budget deficits that raises U.S. interest rates relative to the rest of the world should
A) raise the trade balance. B) decrease foreign portfolio investment. C) cause the dollar to depreciate. D) increase net exports. E) lead to a current account deficit.
Using the scenario above explain how this could have happened?
What will be an ideal response?
Jamal earns $160,000 per year and Josephina earns $80,000 per year. They both pay the same price to buy the identical automobile and each pays $1,600 in sales tax. In relation to their relative incomes, this is an example of a
A) regressive tax. B) progressive tax. C) proportional tax. D) marginal tax.