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Author Question: An income tax to pay for national defense can approximate a _____ if there is a close relationship ... (Read 100 times)

DyllonKazuo

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on: Jul 1, 2018
An income tax to pay for national defense can approximate a _____ if there is a close relationship between income and _____.
 
  a. user charge; wealth
  b. unit tax; wealth
  c. user charge; consumption
   d. sales tax; consumption

Question 2

Suppose the production function for a certain device is q = L + K. If neutral technical change has occurred, which of the following could be the new production function?
 
  A) q = L + 5K
  B) q = 5  (L + K)
  C) q = 5L + K
  D) All of the above are possible.


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jliusyl

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

B


DyllonKazuo

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

Bigfoot1984

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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