A progressive income tax would cause the after-tax Lorenz curve, compared with the before-tax Lorenz curve, to be:
A. More bowed toward the southeast
B. Less bowed toward the southeast
C. A vertical line
D. A horizontal line
B. Less bowed toward the southeast
Economics
You might also like to view...
Securitization can not help financial intermediaries
A) diversify their portfolios. B) avoid bankruptcy. C) attract more investors to buy and hold their securities. D) decrease the cost of borrowing.
Economics
Explain the natural unemployment rate and its relationship to inflation rate
What will be an ideal response?
Economics