A wealth tax can be justified because it
A. helps to correct certain (inevitable) problems that arise in the administration of an income
tax.
B. the higher an individual's wealth, the greater his or her ability to pay, other things -
including income - being the same.
C. reduces the concentration of wealth, which is desirable socially and politically.
D. are payments for benefits that wealth holders receive from government.
E. all of these answer options are correct.
E. all of these answer options are correct.
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Refer to the figure above. The increase in output due to the same one-unit increase in capital is greatest at point ________
A) A B) B C) C D) D
An assumption of neoclassical growth theory is that
A) technological change is random. B) technological change can be influenced by savings. C) more growth encourages more technological change. D) None of the above answers is correct.