The size of the underground economy would tend to decrease if the government of a country
A) increased income tax rates.
B) increased business taxes.
C) decreased government regulations on businesses.
D) made over-the-counter drugs illegal.
C
Economics
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Since the 1970s, the income tax system in the U.S. has become
a. less regressive. b. more aggressive. c. less progressive. d. regressive e. more proportional.
Economics
When considering trade of two goods between two people, if one person has all the endowment of both goods, this allocation
A) is never on a contract curve. B) will result in trade so each person has all of one good. C) will result in trade to a equal division of goods between the two people. D) is Pareto efficient.
Economics