Goals of efficiency and equity in tax policy are
a. complementary in most countries.
b. necessary for application of the ability-to-pay principle.
c. often in conflict with each other.
d. easier to achieve when tax codes are complex.
c
Economics
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Which of the following is a deficit item on the balance of payments?
A) exports of merchandise B) foreign tourist dollars spent domestically C) sales of gold to foreigners D) purchases of foreign assets
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If variable cost at each output level doubles,
a. ATC doubles. b. AFC doubles. c. MC remains unchanged. d. MC doubles. e. MC less than doubles.
Economics