The tax with the minimum excess burden of taxation is most desirable from an efficiency standpoint because _____
a. it suggest that people substituted away from the tax by a considerable amount
b. it minimizes tax shifting
c. it produces the least social cost per dollar of revenue raised
d. it will raise the most revenue for government
c
Economics
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The price of a house in Year 1 was $50,000. If the price index for Year 1 is 101, and for Year 2 is 202, the value of the house in Year 2 is ________
A) $75,000 B) $150,000 C) $100,000 D) $55,000
Economics
According to Adam Smith, a person should never attempt to make at home
A. what it will cost him more to make than to buy. B. everything one person needs to live. C. what one doesn't know how to make. D. any necessity of life.
Economics