The equality-of-sacrifice doctrine of taxation is based on the
a. increasing marginal utility of income.
b. increasing marginal utility of government transfer payments.
c. diminishing marginal utility of income.
d. diminishing marginal utility of government transfer payments.
c. diminishing marginal utility of income.
Economics
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The impact of a strike is limited to the ability of the union to
A) prevent replacement workers from continuing their work. B) lower its wage demands of non-union members. C) control the pension fund. D) none of the above.
Economics
Increasing the capital available to the workforce, holding other factors constant, tends to ________ total output while ________ average labor productivity.
A. increase; not changing B. increase; increasing C. decrease; increasing D. increase; decreasing
Economics