The Ricardian Equivalence Proposition Is NOT Supported by Evidence,because

question 75

Multiple Choice

The Ricardian equivalence proposition is NOT supported by evidence,because

• A)consumers may respond to the current tax cut by increasing their desired consumption.
• B)consumers may increase their saving to respond to future tax increase.
• C)consumers do not change their consumption because they expect an increase in future tax rates.
• D)a cut in current tax does not affect the ultimate tax burden borne by consumers.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Consideration

In contract law, this is something of value that is exchanged between parties entering into a contract, essential for the agreement to be legally binding.

Gratuitous Promises

Promises made without expecting anything in return, often lacking legal enforceability unless supported by formalities like a deed.

Consideration

Something of value exchanged between parties in a contract, which is necessary for the agreement to be legally binding.

Legal Consideration

A value promised to another party in a contract as an inducement to enter into the contract, which must be present for the contract to be legally binding.