What is income redistribution?
What will be an ideal response?
Income redistribution is the shifting of money from people at one income level to people at a lower income level. Progressive taxes represent a form of income redistribution. The government extracts money from wealthier taxpayers and redistributes some of that money to the less wealthy through many government programs.
Economics
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The tax incidence of a specific tax or ad valorem tax is influenced by
A) who pays the tax. B) the amount of the tax. C) the price elasticities of supply and demand. D) All of the above.
Economics
If events A and B are independent, then Pr[A and B] will be:
a. Pr[A]Pr[B]. b. Pr[A]-Pr[B]. c. Pr[A]?Pr[B]. d. Pr[A]?Pr[B].
Economics