Economists call the pursuit of a transfer of wealth through government at someone else's expense:
A. the paradox of voting.
B. adverse selection.
C. rent-seeking behavior.
D. the benefits-received principle.
Answer: C
Economics
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Vertical equity in income taxation refers to the notion that persons with different levels of income should be taxed differently
a. True b. False Indicate whether the statement is true or false
Economics
An abrupt depreciation of a currency whose value was fixed or managed by the government is referred to as
A. Revaluation. B. Devaluation. C. Appreciation. D. Depreciation.
Economics