Vertical equity and horizontal equity are associated with
a. the benefits principle of taxation.
b. the ability-to-pay principle of taxation.
c. taxes that have no deadweight losses.
d. falling marginal tax rates.
b
Economics
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Internationally, the TRIPS agreement is uniformly regarded as a positive step for world prosperity
Indicate whether the statement is true or false
Economics
In terms of aggregate supply, the short run is a period in which:
A. the price level is constant. B. employment is constant. C. real output is constant. D. nominal wages and other resource prices are unresponsive to price-level changes.
Economics