Compared to the United States, the income distribution in other major industrial nations tends to be
a. more concentrated
b. less concentrated
c. similar
d. impossible to calculate
e. not comparable because tax structures differ among countries
B
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When decision rights are decentralized, typically
a. decisions are being moved to those with less of the relevant information b. decisions are being moved to those with stronger incentives to make good decisions c. decisions are being moved to those with more of the relevant information d. decisions are being moved from those with weaker incentives to make good decisions
Which of the following is not a way that a corporate tax on the income of U.S. car companies will affect markets?
a. The price of cars will rise. b. The wages of auto workers will fall. c. Owners of car companies (stockholders) will receive less profit. d. Less deadweight loss will occur since corporations are entities and not people who respond to incentives.