If a new tax system encouraged more output but also created greater inequality, would it be desirable?
is not desirable and this is because of the fact that ultimately a country main goal is to increase the economic development and not economic growth where economic growth is only concerned with GDPeconomic development is increasing the standards of living of every individual and decreasing the poverty level of the country and economic development only involves the reduction of economic inequality between the people.
If this new tax system can increase the output but it increases the inequality what happens is that the poverty levels in the country can increase as a result of which the net welfare to the society decreases and that is the reason why it is something not desirable on the whole.
If a new tax system encouraged more output but also created greater inequality, would it be...
Please judge the statement: “a change in tax laws that encouraged greater saving would lower interest rates.” The answer is correct. But I wonder why. Doesn’t a high interest rate standard better motivate people to put their money in banks or financial assets? And these are all “savings”. Please explain. Thank you very much!
1.If copyright laws were made tougher and were more strictly enforced, companies would be encouraged to Select one: a. purchase more plants and equipment. b. hire more labor. c. engage in more R&D activity. d. hire less labor. e. None of these 2.Diminishing returns to labor means that Select one: a. the greater the amount of output, the less labor that is needed. b. as more labor is employed, total output declines. c. as more labor is employed, each additional...
PART A A system of income inequality: provides those who are more productive the ability to reap higher rewards. generally leads to a higher average standard of living than a system of income equality. provides incentives for individuals and businesses to be productive and efficient. All of the listed answers are correct. PART B Which of the following is true about income inequality? Income inequality is necessary to establish social stability. In order for a country to be productive, a...
Provide a brief answers to the following questions above. You are also encouraged to provide more detail if you wish. 1. Fracking is also known by another name (or phrase). What is it? In other words, Fracking is also called what? 2. Large volumes of what materials are injected into the ground under high pressure to free the trapped oil & gas?
Assume the government of UK, doesn’t want the tax system to change the inequality in the country, because they think it is not fair to change relative income levels using the tax system. Assume a government official is your friend and asked you what kind of a tax system may serve to this purpose, that will be your answer in one or two sentences?
Provide a brief answers to the following questions above. You are also encouraged to provide more detail if you wish. 3. Shale deposits are sometimes known as shale “plays”. Regional deposits are named. Identify one of the named shale plays under the ground in Ohio (or Northeast Ohio). 4. Identify another important shale play elsewhere in the U.S. Name it and describe its location. Hint: Some of our more important shale deposits are in Texas and near North Dakota.
What type of income tax system does the USA use? Does it help bridge inequality between rich and poor? Why/Why not? (c) Comment on the current debate on raising the marginal tax rate to 70% as a means to reaching equality.
Design pseudocode and flowchart from following: Trainers at Tom’s Athletic Club are encouraged to enroll new members. Write an application that allows Tom to enter the names of each of his 25 trainers and the number of new members each trainer has enrolled this year. Output is the number of trainers who have enrolled 0 to 5 members, 6 to 12 members, 13 to 20 members, and more than 20 members.
The more inelastic are demand and supply, the greater is the deadweight loss of a tax. True False
Oxygen Optimization is considering buying a new purification system. The new system would be purchased today for 19,600 dollars. It would be depreciated straight-line to 1,000 dollars over 2 years. In 2 years, the system would be sold and the after-tax cash flow from capital spending in year 2 would be 2,300 dollars. The system is expected to reduce costs by 7,400 dollars in year 1 and by 15,600 dollars in year 2. If the tax rate is 50 percent...