Income taxes tend to be favored over sales taxes _____
a. because of the excess burden on income taxes
b. on the benefit principle
c. on equity grounds
d. as long as income as defined using the Haig-Simons definition
c
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Net exports of goods and services is equal to the value of
A) exports plus the value of imports. B) imports minus the value of exports. C) domestic consumption minus the value of imports. D) exports minus the value of imports. E) domestic consumption minus the value of exports.
A noncooperative game is
A) companies colluding in order to make higher than competitive rates of return. B) the manner in which one oligopolist reacts to a change in price made by another oligopolist in the industry. C) a game in which firms will not negotiate in any way. D) when plans made by firms are known as game strategies.