Horizontal equity refers to a tax system in which individuals with similar incomes pay similar taxes

If the price of a good decreases, ceteris paribus, the consumer will experience (Select all that apply.)

a desire to consume a different bundle. the budget constraint rotating outwards along the x-axis the budget constraint rotating inwards along the x-axis an increase in utility. a northern or eastern movement on the indifference map a southern or western movement on the indifference map.

Owners face unlimited liability in

A. national corporations and global corporations. B. proprietorships and partnerships. C. partnerships and corporations. D. proprietorships and corporations.