Which of the following taxes does NOT lead to a deadweight loss?
A) A proportional income tax
B) A lump-sum tax
C) A progressive income tax
D) A proportional tax on property
B
Economics
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The most appropriate countercyclical policy, or stabilization policy, in times of unemployment, according to classical economists, is for the government to
a. increase the minimum wage b. impose wage and price controls c. stimulate aggregate demand d. cut taxes e. do nothing
Economics
Which of the following is most likely NOT a final good or service?
A. a cookie sold in a bakery B. a portable power bank C. bread in a grocery store D. coffee beans in a coffee shop
Economics