A progressive income tax means that those with a higher income pay ?

Related Mcqs:

If people can borrow and lend to perfectly smooth out their lifetime living standards, then ?

A. transitory income is a good measure of the distribution of living standards B. none of these answers C. permanent income is a good measure of the distribution of living standards. D. life-cycle income is a good measure of the distribution of living standards. E. current annual income is a good measure of the distribution … If people can borrow and lend to perfectly smooth out their lifetime living standards, then ?Read More...

The maximin criterion suggested by Rawls’s theory of justice means that the government should aim to ?

A. Maximize the total utility of society B. Maximize the well-being of the worst-off person in society C. minimize the difference between the rich and poor D. maximize the economic freedom of individuals by minimizing government interference in private decision making E. minimize the well-being of the best-off person in society...

The formula for the marginal revenue product of labour (L is for labour, X is the product) is ?

A. MPL + PX B. (MPL) (PX) C. PX/MPL D. MPL/PX...

Rawls’s suggestion that policy should be directed at maximizing the welfare of the least well off person in society is derived from ?

A. the idea that people should consider policy as if behind a veil of ignorance as to what their circumstances might be in society, and the idea that as long as there is no theft then there is no need for governments to intervene and redistribute income. B. the idea that people should consider policy … Rawls’s suggestion that policy should be directed at maximizing the welfare of the least well off person in society is derived from ?Read More...

Where a tax can be shifted the incidence depends on ?

A. whether there is perfect or imperfect information B. who is legally obliged to pay the tax C. elasticities of demand and supply D. how many producers there are:...