If the marginal tax rate is less than the average tax rate, the tax would be
A. proportional.
B. progressive.
C. regressive.
D. uniform.
Answer: C
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Explain why the expenditure multiplier is greater than 1
What will be an ideal response?
The standard method of determining fair market value is called the comparable sales method
Indicate whether the statement is true or false
Purchasing power parity's assumption that the real exchange is constant
A) is correct in nearly all instances. B) would be correct were it not for the existence of trade barriers. C) is not reasonable. D) is correct for trade between the United States and Japan, but incorrect in most other bilateral trading relations.
Suppose a Middle Eastern firm moves its final assembly line to Germany and then ships the final products to other members of the EU trading bloc. This is an example of
A) trade diversion. B) trade deflection. C) trade restriction. D) trade detection.