Yi and avik are both economists. yi thinks that taxing consumption, rather than income, would result in higher household saving because income that is saved would not be taxed. avik does not think that household saving would respond much to a change in the tax laws. in this example, yi and avik a. hold different normative views about the taxsystem. b. disagree about the validity of a positive theory. c. have a fundamental misunderstanding of thetax system. d- more than one of the above is correct

answer; that person may have a larger tax bill to pay on income taxes;

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

answer; institution;

answer; someone must cover the cost associated with the provision of scarce goods in both sectors;