Refer to the scenario above. If the local government has a progressive tax system, which family pays the largest amount as tax?
A) The first household
B) The second household
C) The third household
D) The fourth household
D
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Which of the following people came close to abolishing scarcity in their regions some years ago?
A) Major Kwame Kilpatrick in Detroit B) President Bill Clinton in the U.S C) Governor Sarah Palin in Alaska D) All of the above. E) None of the above.
Which of the following is a depository institution?
a. An insurance company b. A credit union c. A finance company d. A pension fund e. A stock market
The loss in social surplus that occurs when the economy produces at an inefficient quantity is called
a. efficiency. b. consumer surplus. c. social surplus. d. deadweight loss.
The relation between growth, as measured in per capita income, and pollution, is
A. an inverted U. B. a sideways S. C. an upside-down W. D. a backwards K.