If two families are equally situated except that one rents and the other owns their home, the existing tax system will lead to
a. vertical inequity.
b. equal treatment of both.
c. horizontal inequity.
d. equal burden sharing.
c
Economics
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When did intellectual property rights become part of trade agreements?
What will be an ideal response?
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Monopolies are inefficient because
A) they price discriminate. B) they maximize profits. C) they always make above-normal profits. D) they charge a price above marginal cost.
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