Redistribution of income from the rich to the poor is achieved from a tax system that requires taxes to rise with income. Which of the following criteria best explains the goal of this tax system?
A. stability
B. growth
C. efficiency
D. equity
Answer: D
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Use the following information to answer the question below. It is the custom for paper mills located alongside the Layzee River to discharge waste products into the river. As a result, operators of hydroelectric power-generating plants downstream along the river find that they must clean up the river's water before it flows through their equipment. If the government intervenes and corrects the externality in the situation described above, we would expect
A. production in the paper mills to decrease. B. production of the hydroelectric power plants to decrease. C. the price of paper from the mills to decrease. D. the output of the paper mills to increase.
Over the last 50 years, the U.S. labor force participation rate of men has ________ by ________ the labor force participation of women has ________. As a result, the overall U.S. labor force participation has ________
A) increased; more than; decreased; increased B) decreased; more than; increased; decreased C) increased; less than; decreased; decreased D) decreased; about the same rate as; increased; remained steady E) decreased; less than; increased; increased
Describe the channels by which monetary policy ripples through the economy and explain how each channel operates
What will be an ideal response?
The current Medicare system is designed so that it actually encourages
A) cost reductions. B) higher costs of medical services. C) higher costs only for surgeries. D) lower drug costs for recipients.