Regressive income taxes are
A) an important form of income redistribution.
B) present when the average tax rate decreases as income decreases.
C) present when the average tax rate decreases as income increases.
D) Both answers A and B are correct.
C
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A financial security that represents a promise to repay a fixed amount of funds is a
A) share of stock. B) bond. C) dividend. D) coupon.
An economic system that answers the What, How, and For Whom questions using prices determined by the interaction of the forces of supply and demand is a:
a. market economy. b. command economy. c. traditional economy. d. none of these.
For this reason, they are considered to be "off budget."
What will be an ideal response?
Suppose the production function is given by Q = min{K, L}. How much output is produced when 4 units of labor and 9 units of capital are employed?
A. 13 B. 0 C. 4 D. 9