The administrative burden of taxation relates to the
a. the disincentive for individuals and businesses to work generate income
b. individuals' cost of preparing tax returns and the government's cost of enforcing tax laws.
c. the opportunity cost of social programs.
d. the net interest that must be paid on the national debt.
b
Economics
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Refer to the above figure. Line ACE is called
A) the consumption function. B) the saving function. C) the savings function. D) the 45-degree line.
Economics
Monopoly profit is not a social problem because
a. the size of the economic pie grows when monopoly profits increase. b. producers are more efficient than consumers. c. the profit represents a transfer from the consumer to the producer with no loss in total surplus. d. None of the above are correct.
Economics