Which of the following is not true about wealth taxation?
a. Wealth taxation can be achieved through sales taxation.
b. Wealth taxation may be a way of taxing a stock that generates a difficult to measure flow of services.
c. Wealth taxation can be a method of taxing unrealized capital gains.
d. Wealth taxation may be a method to discourage the accumulation of wealth.
a
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Lauren makes $150 a day as a bank clerk. She takes two days off work without pay, to fly to another city to attend the concert of her favorite band. The cost of transportation and lodging for the trip is $250. The cost of the concert ticket is $50. The
opportunity cost of Lauren's decision to attend the concert is: A. $600 B. $450 C. $300 D. $250
Which of the following is not a condition required for the first welfare theorem to hold:
A. No government policy interferes with the formation of prices. B. No market actor has market power. C. Tastes are quasilinear. D. Income is distributed fairly before markets open. E. (a) and (c) F. (b) and (c) G. (c) and (d) H. (b) and (d)