In a mixed economy, which of the following is not a legitimate area of governmentintervention?Select one:a. Taxation of the profits of private companies.b. Expenditure on major infrastructure projects.c. Transfers of tax revenues to poor communities.d. Taxation of the income of wage and salary earners.e. Control of prices that change in response to changes in demand.Reason:

OPTION A is FALSE as companies operating in a country are subject to the tax laws of the country…

Answered: c. Trans d. Taxa e. Conti Reason:

Business

Economics

c. Trans d. Taxa e. Conti Reason:

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 6CQQ

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Question

In a mixed economy, which of the following is not a legitimate area of government
intervention?
Select one:
a. Taxation of the profits of private companies.
b. Expenditure on major infrastructure projects.
c. Transfers of tax revenues to poor communities.
d. Taxation of the income of wage and salary earners.
e. Control of prices that change in response to changes in demand.
Reason:

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