1.The government's greatest impact on reducing income inequality occurs through: Group of answer choices a) household payments...
Question:
1.The government's greatest impact on reducing income inequality occurs through:
Group of answer choices
a) household payments of income and property taxes
b) correction of negative externalities
c) use of tariffs to protect U.S. corporations
d) social insurance and public assistance programs
2.Which of the following isnotan accurate description of the changes in the U.S. economy over the past 50 years?
Group of answer choices
a) Output in the manufacturing sector has decreased
b) Consumers have benefited from low-price imports
c) Changes in technology have improved living standards
d) Employment in the service sector has increased
3.According to the ability to pay principle, government should design taxes to be paid by those who:
Group of answer choices
a) voted for the tax
b) are most able to bear the burden of the tax
c) are most able to bear the burden of the tax
d) benefit most from paying the tax