Income taxes and transfer payments...
What will be an ideal response?
act like economic shock absorbers and stabilize fluctuations in income
Economics
You might also like to view...
Risks faced by multinational corporations include
A) changes in exchange rates. B) restrictions on ownership. C) repatriation of funds. D) cultural and religious philosophies. E) All of the above
Economics
A firm's total revenue is equal to
a. total quantity produced times marginal cost. b. total quantity produced times market price. c. marginal revenue times total quantity produced. d. market price divided by total quantity produced.
Economics