The idea behind a flat tax is to _____
a. cut taxes on high-income taxpayers
b. to raise taxes on high-income taxpayers
c. increase progressivity
d. minimize the excess burden of the income tax
d
Economics
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An effective way to restore credibility to monetary authorities after a period of hyperinflation is
A) the introduction of a new monetary unit. B) the introduction of wage and price controls. C) a reduction in bank reserve requirements. D) the centralization of monetary and fiscal policy under a single governmental unit.
Economics
Consider two lottery winners, Tino who is 65 years old and Sasha who is 32 years old. Which of these two would be expected to have the larger income effect, all else equal?
A) Sasha B) Tino C) Both would have no income effect. D) Both would have equal income effects.
Economics