Horizontal equity is the concept that
a. equally situated individuals should be taxed equally.
b. persons with the same income should be taxed equally.
c. equal property value should be taxed equally.
d. persons living in the same neighborhood should be taxed equally.
a
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A higher saving rate will promote capital deepening
Indicate whether the statement is true or false
Which of the following statements is true?
A) Eurobanks are able to create money. B) Eurobanks accept deposits but not loans. C) Eurobanks are essentially intermediaries. D) Both A and C.
In the early colonies, private landholdings
a. gradually replaced common ownership. b. occasionally supplemented common ownership. c. were only legalized after 1650. d. were the norm from the very beginning of colonization.
If the price elasticity of demand is 0.4, a 5 percent increase in price will quantity demanded to fall by 2 percent.
Answer the following statement true (T) or false (F)