Which of the following is not true about wealth taxation?
a. Wealth taxation can be achieved through sales taxation.
b. Wealth taxation may be a way of taxing a stock that generates a difficult to measure flow of services.
c. Wealth taxation can be a method of taxing unrealized capital gains.
d. Wealth taxation may be a method to discourage the accumulation of wealth.
a
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Figure 1.1 displays exogenous variables entering a model from which emerge endogenous variables. Yet, in the five-step process to develop an economic model, the macroeconomist specifies the endogenous variables first, then the exogenous variables
Which is the correct sequence? Explain.
The total costs of federal regulation
A. encompasses only opportunity costs of satisfying regulatory demands. B. encompasses both explicit and opportunity costs of satisfying regulatory demands.. C. also includes the explicit costs associated with regulations issued by 50 different state governments. D. encompasses only explicit costs of satisfying regulatory demands.
After a fruitless two-year search for a job, a former executive gives up and decides to live off the land in the Rocky Mountains. This former executive is considered
A. Structurally unemployed. B. One of the phantom unemployed. C. A discouraged worker. D. Underemployed.
The nonlabor income of households will decrease, causing consumption to decrease and labor supply to increase, if the government
A. implements expansionary fiscal policy. B. increases transfer payments. C. decreases the personal income tax. D. increases the corporate profits tax.