When the tax rate is constant when a person's income rises, the tax is a:
a. regressive tax.
b. poll tax.
c. progressive tax.
d. constant tax.
e. proportional tax.
e
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The average total cost curve is U shaped in the short run but this is not true for the average total cost curve for the long run.
Answer the following statement true (T) or false (F)
If the Fed wished to decrease inflation, it could
A) increase the reserve requirement or conduct an open market sale. B) increase the reserve requirement or conduct an open market purchase. C) decrease the reserve requirement or conduct an open market sale. D) decrease the reserve requirement or conduct an open market purchase.
Ceteris paribus, if North Korea increases the size of its military, then:
A.) Its production possibilities curve will shift outward. B.) Its production possibilities curve will shift inward. C.) Its production of consumer goods will increase. D.) Its production of consumer goods will decrease.
Give three reasons why the U.S. economy was more stable from 1950-2007 than it was prior to 1950
What will be an ideal response?