Discount rate is the interest rate on the loans that the Fed makes to banks.

Which of the following statements is FALSE?

a. type b personalities are generally less efficient than type a personalities because they are so relaxed b. type a personalities and type b personalities are both efficient, they just do things different ways c. type b personalities are laid back and casual, which makes them unhealthy and increases their risks d. type a personalities are generally less efficient than type b personalities because they have so many focuses that they never get any one project finished

The "ability-to-pay" principle of taxation is the normative idea that

A) an equitable tax system is one in which high income individuals should bear a greater burden of taxes than low income individuals. B) two individuals earning the same income should have equal ability to pay, all else constant. C) each individual should voluntarily contribute according to her ability to pay taxes. D) progressive taxes are more equitable than regressive taxes.