Reasonable analytic objection to land taxes

A reasonable analytic objection to the argument which full taxation of economic rents would not hinder allocative efficiency is about: (w) reducing income streams by rents does reduce the incentive of the resource owner to acquire the transaction costs related with putting the resource to its most efficient use. (x) income taxes have already been paid while the person who now owns the resource generated the income to buy the resource, therefore taxing rent constitutes “twice taxation.” (y) land is not unique into generating economic rent. (z) death taxes unfairly damage the interests of the heirs of people who obtained wealth.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

View Complete Question

Related Questions in Microeconomics

Q : Neoclassical Production and Costs

Normal 0 false false

Q : Minimum average variable cost at

When the minimum average variable cost exceeds price, in that case a firm produces: (w) where MR = MC into the short run. (x) only in the long run. (y) in the short run although shuts down in the long run. (z) nothing in the short run.

Q : Question on Demand-Supply curves Assume

Assume that the market for cigarettes in a specific town has the given supply and demand curves: QS = P; QD = 50 − P, here the quantities are evaluated in thousands of units. Assume that the town council requires raising $300,000 in revenue

Q : Taft-Hartley Act and Closed Shops Can

Can someone help me in finding out the right answer from the given options. The Taft Hartley Act of 1946 made it illegal to encompass a: (1) Right-to-work law passed by the state legislature. (2) Conviction for the misdemeanor and serve as union officer. (3) Union for

Q : Pure economic profit in the short run

Monopolistically competitive firms: (w) profit by erecting durable barriers to entry and exit. (x) may realize pure economic profit in the short run, but not in the long run. (y) supply homogenous goods. (z) produce where marginal cost is at its minim

Q : Similarity between pure monopoly and

The demand curve facing a pure monopoly is similar to the: (w) sum of demand curves which face pure competitors. (x) "kinked" demands at the going market price. (y) the market demand curve for its product. (z) the firm's marginal reve

Q : Easily enter or exit the market in the

This graph depicts a short run situation while long run equilibrium has been achieved for a firm along with some market (price-making) power when the firm cannot price discriminate and: (w) has explicit costs but no i

Q : International federal or agreements and

Consider goods for that various people are willing and capable to pay much more than the costs of production therefore widespread shortages exist. International federal or agreements, state and local laws as well as regulations are probably key factor

Q : Ratio of perfect equality and Lorenz

The ratio of the area between the perfect equality reference line and the Lorenz curve is the: (w) Gini index. (x) relative income (y) poverty line (z) marginal productivity standard.

Q : Determine total revenue when prices fall

As the price falls by P4 to P3 to P2 to P1 beside such demand curve for Pixie's cheesy fried grits, then total revenue: (w) always rises. (x) always falls. (y) rises then falls. (z) falls then rises.

Discover Q & A

Leading Solution Library

Avail More Than 1424606 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1946880
Asked

3,689

Active Tutors

1424606

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment