The single tax movement of Henry George would have
A) lumped together the piecemeal taxes of government into one tax on income.
B) placed taxes on economic profits but not on accounting profits.
C) taxed away economic rents.
D) taxed only consumption so as not to discourage investment and innovative activity.
E) placed a heavy tax on all consumption above the minimum requirements for food, clothing, and shelter.
Correct Answer:
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Q40: The following question are based on the
Q41: One who accepts the risks inherent in
Q42: If the government imposes a tax on
Q43: Assume that the economy is in equilibrium
Q44: Henry George is best known for his
Q46: An increase in the price of some
Q47: The following question are based on the
Q48: Economic rent is a
A) payment above the
Q49: Among the factors giving rise to profits
Q50: Schumpeter argued that
A) rents should be taxed
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