A tax that that takes the same percentage of a taxpayer's income regardless no matter what their total income is called a _____
a. proportional tax
b. progressive tax
c. head tax
d. regressive tax
a
You might also like to view...
Jill and Daniel graduate from college in the same year in economics and physics respectively and start looking for jobs. They are competitors in the job market
Indicate whether the statement is true or false
Golf course developers who buy the land around the golf course they build are attempting to: a. impose external costs on non-consenting third parties. b. internalize external benefits
c. turn a private good into a public good. d. internalize external costs.
If the consumption of a good yields external benefits, then
A. The social demand is greater than the market demand. B. The social demand is less than the market demand. C. The social demand is equal to the market demand. D. There is neither social demand nor market demand for the good.
A vertical supply curve would mean that
A. the price does not affect the quantity supplied. B. as price decreases, quantity supplied decreases. C. as price decreases, quantity supplied increases. D. market equilibrium has been reached.