As a result of a successful attempt by government to cut the economic pie into more equal slices,
A) it is easier to cut the pie,and therefore the economy can produce a larger pie.
B) those who earn more income pay less in taxes.
C) the pie gets smaller,and there will be less pie overall.
D) government will spend too much time cutting and it causes the economy to lose the ability to produce enough pie for everyone.
Correct Answer:
Verified
Q8: Efficiency means that
A)society is conserving resources in
Q24: When the government attempts to improve equality
Q29: When the government implements programs such as
Q32: A typical society strives to get the
Q39: When government policies are enacted,
A)equality can usually
Q71: Senator Smith wants to increase taxes on
Q114: When society requires that firms reduce pollution,
Q126: Which of the following is true?
A)Efficiency refers
Q128: Suppose the government taxes the wealthy at
Q137: The opportunity cost of an item is
A)the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents