Horizontal and vertical equity are the two primary measures of efficiency of a tax system
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
If you buy a new water skis and other new equipment for $2,500 and take a week off of your job, where you earn $1,000 a week, to go water skiing. The equipment you purchased was all produced in the United States
You think that the week was worth $4,000. As a result of your vacation, GDP changes by how much?
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.
Table 14.3Monetary Aggregates of the U.S. Financial SystemItemAmountCash held by public$40 billionTransactions deposits$80 billionRequired reserves$20 billionExcess reserves$0 billionU.S. bonds held by public$125 billionAssume an original balance sheet: The money supply (M1) in Table 14.3 is
A. $20 billion. B. $80 billion. C. $40 billion. D. $120 billion.
The consolidated balance sheet of the all banks in Macroland is presented below: AssetsLiabilitiesCurrency$1,000Deposits$1,000Loans$ 900 Based on this balance sheet the banking system of Macroland can be described as a(n) ________ banking system.
A. 100-percent-reserve B. barter C. fractional-reserve D. government-insured