Senator Jackson argues that replacing the federal income tax with a national sales tax would increase the level of output. Senator Feldman objects that this policy would benefit the rich at the expense of the poor
a. Both senators' arguments are primarily about equality.
b. Both senators' arguments are primarily about efficiency.
c. Senator Jackson's argument is primarily about equality, while Senator Feldman's argument is primarily about efficiency.
d. Senator Jackson's argument is primarily about efficiency, while Senator Feldman's argument is primarily about equality.
d
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Suppose that the initial supply of loanable funds curve is SLF1. In the figure above, an increase in the real interest rate leads to
i. a shift in the supply of loanable funds curve from SLF1 to SLF2. ii. a shift in the supply of loanable funds curve from SLF1 to SLF3. iii. a movement along the supply of loanable funds curve SLF1. iv. no change whatever. A) i and iii B) iv only C) ii only D) i only E) iii only
An example of an entrepreneur would be
A) the owner of a Mexican restaurant. B) the cafeteria employee who won the employee of the month award. C) a local bus driver. D) the cashier at your local supermarket.