Vertical equity and horizontal equity are associated with
a. the benefits principle of taxation.
b. the ability-to-pay principle of taxation.
c. taxes that have no deadweight losses.
d. falling marginal tax rates.
b
You might also like to view...
We would expect a decrease in taxes to cause a movement down along the short-run Phillips Curve.
Answer the following statement true (T) or false (F)
Use Figure 13.1 above to help with the following question. Why is it true that at every level of output except the first unit, the monopolist's marginal revenue (MR) is below price
What will be an ideal response?
Which of the following is true of both a tradable permit system and the assignment of property rights? a. Both methods result in socially optimal consumption. b. Both methods result in a deadweight loss to the society
c. Both methods ensure that the Coase theorem does not increase the welfare of an economy. d. Both methods push the economy into a liquidity trap.
Which is of the following is one difficulty economists face that some other scientists do not?
a) Unlike other sciences, economic studies must include the largest economic player, the government. b) Economists unfortunately receive less government funding than other scientists. c) Corporations are reluctant to disclose necessary information for economic research. d) Experiments are often difficult to conduct in economics.