The idea that people in equal conditions should pay equal taxes is referred to as
a. horizontal equity.
b. vertical equity.
c. the ability-to-pay principle.
d. the marriage tax.
a
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Tom is a U.S. citizen. He took up a job and moved to the U.K. His income will lead to a(n) ________
A) decrease in the GDP of U.K. B) increase in the GNP of U.K. C) increase in the GDP of U.S. D) increase in the GNP of U.S.
Refer to the above table. Assuming that opportunity costs are constant, the opportunity cost of producing a bicycle in the United States is equal to ________, and the opportunity cost of producing a bicycle in Mexico is ________
A) 4 computers; 0.5 computer B) 0.25 computer; 2 computers C) 2.67 bicycles; 0.33 computers D) 0.375 computer; 3 bicycles
Which of the following is true? a. Purchases of stock are included as part of investment in the national income accounts. b. Fixed investments include all spending on capital goods, as well as residential construction. c. Investment spending is the least volatile category of GDP
d. All of the above are true.
Which of the following would tend to increase aggregate demand, other things equal?
a. An increase in the money supply curve b. A decrease in the money supply curve. c. An increase in the money demand cuvre. d. Both a. and c. would tend to increase aggregate demand, other things equal.