If a tax was instituted such that every dollar collected in taxes from high- income households resulted in a distribution of $0.80 to low- income households,
A) efficiency and equality of incomes would both increase.
B) efficiency and equality of incomes would both decrease.
C) efficiency would increase but equality of incomes would decrease.
D) equality of incomes would increase but efficiency would decrease.
Correct Answer:
Verified
Q1: Discrimination by customers creates a wage differential
Q2: Measured wealth is a less accurate indicator
Q3: The Australian tax system
A) reduces inequality and
Q4: Disposable income is
A) wages, interest, rent, and
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