Tax loopholes serve to

a. improve the incomes of the poor.
b. erode the progressivity of the income tax.
c. increase the progressivity of the income tax.
d. decrease work incentives for the poor.

b

Economics

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Two assumptions made in Gordon's early presentation of the IS-LM model were that the Federal Reserve has ________ control of the money supply and that the money demand function ________ subject to instability

A) precise, is B) precise, is not C) imprecise, is D) imprecise, is not

Economics

A shift from D1 to D2 represents


A. an increase in demand.
B. a decrease in demand.
C. no change in demand.

Economics