Which of the following is not a potential problem with tax expenditures?

a. They compromise tax system fairness.
b. They make the tax structure less efficient.
c. They increase the political costs of the tax system.
d. They cause taxpayers to substitute towards favored activities.

d

Economics

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What is a normative statement? Give an example

What will be an ideal response?

Economics

George buys an antique car for $20,000 and sells it five years later for just over $24,000. George's per-year rate of return is:

A. 20 percent. B. 12 percent. C. 10 percent. D. 4 percent.

Economics