In practice, turning horizontal and vertical equity into tax law
a. hasn't been tried.
b. has been fairly easy.
c. is resisted by nearly all taxpayers.
d. has been extremely difficult.
d
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Why do some say labor standards are "disguised protection"?
a. These standards favor the nations that already have high labor standards and eliminate competition from nations who do not. b. Nations with low labor standards often disguise the fact. c. Raising labor standards is not the issue—it is disguised by the fact that shoddy materials are used in production. d. Often children who should be in school work anyway, and their participation is "disguised" as if an adult held the job.
Which is always TRUE at a firm's profit-maximizing rate of production?
A) Total Revenue = Total Costs B) The total revenue curve lies below the total cost curve. C) Marginal Revenue > Marginal Cost D) Marginal Revenue = Marginal Cost