If two families are identical with respect to size, income, general expenses, etc., and are taxed equally, we say that there is
a. horizontal equity.
b. vertical equity.
c. observance of the ability-to-pay principle.
d. intergenerational equity.
a
Economics
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Everything else remaining unchanged, if the demand curve for reserves shifts to the right and borrowed reserves is zero:
A) there will be a decrease in both the federal funds rate and the quantity of reserves. B) there will be an increase in the federal funds rate but no change in the quantity of reserves. C) there will be an increase in both the federal funds rate and the quantity of reserves. D) there will be a decrease in the federal funds rate but no change in the quantity of reserves.
Economics
Between 1940 and 2000, income per person in China
A) doubled. B) tripled. C) quadrupled. D) decreased by 5 percent.
Economics