Which of the following is part of the cost of income transfers?
A) Tax-collecting agencies cost money to administer.
B) Taxing incomes encourages people to work harder.
C) Income transfers make the results more unfair.
D) Income transfers increase the size of the economic pie.
E) Income transfers are a similar to allocating resources using a lottery.
A
Economics
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Refer to the figure above. How many units of Good X will be demanded if the government sets a price ceiling of Pc on the good?
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