In 2010, the co-chairmen of President Obama's deficit reduction commission proposed curtailing or eliminating many tax deductions such as the one for mortgage interest. Economists who favor the proposal argue that it would (i) correct a misallocation of resources because too much of the economy's capital stock is tied up in residential housing and too little is invested in corporate capital. (ii)
cut both spending and taxes. (iii) encourage private philanthropy.
a. (i) only
b. (ii) only
c. (i) and (ii) only
d. (i), (ii), and (iii)
c
Economics
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What is "rent seeking"? How does it apply to restricting imports?
What will be an ideal response?
Economics
According to evidence provided by the U.S. government, the median black
a. woman is paid roughly the same as the median white woman. b. woman is paid roughly the same as the median black man. c. man is paid 21 percent less than the median white man. d. All of the above are correct.
Economics