If the interest elasticity of supply of savings is zero, a comprehensive wealth tax will:
A) increase the market rate of interest.
B) reduce the income of savers.
C) reduce the income of workers.
D) both (b) and (c) are correct.
Correct Answer:
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Q19: Wealth is a flow.
Q20: If a local property tax increase is
Q21: If the supply of real estate is
Q22: Intangible personal property includes:
A)stock in companies.
B)corporate bonds.
C)cash.
D)all
Q23: If the annual amount of savings is
Q25: Taxes on wealth are favored by those
Q26: A local property tax, such as that
Q27: From the point of view of locality,
Q28: If a tax on real estate results
Q29: Which of the following would not be
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