The government in the country of Zappoo is trying to decide which tax plan to implement. The table above shows three alternative plans. If the government decides to implement a proportional income tax, it will implement tax plan ________
A) A
B) B
C) C
D) None of the above because none of the above are proportional taxes.
B
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The idea of the "big tradeoff" points out the costs of
A) using a results approach to fairness when the rules approach is correct. B) transferring income using taxes that decrease efficiency. C) price hikes during natural disasters. D) using a rules approach to fairness when the results approach is correct. E) None of the above answers is correct.
The international investment position is defined as
A) the total of all domestic assets owned by foreigners minus the total of all foreign assets owned by residents of the home country. B) the total of all domestic assets owned by foreigners plus the total of all foreign assets owned by residents of the home country. C) the total of all foreign assets owned by residents of the home country minus the total of all domestic assets owned by foreigners. D) the total of all foreign assets owned by residents of the home country times the total of all domestic assets owned by foreigners.