The payroll tax is a
a. progressive tax.
b. neutral tax.
c. regressive tax.
d. proportional tax.
c
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Which of the following would unambiguously generate inflation?
A) a decrease in aggregate demand accompanied by an increase in aggregate supply B) an increase in aggregate demand accompanied by a decrease in aggregate supply C) an increase in aggregate demand accompanied by an increase in aggregate supply D) a decrease in aggregate demand accompanied by a decrease in aggregate supply
Suppose that Figure 7.4 shows a monopolist's demand curve, marginal revenue, and its costs. At the profit-maximizing output level, the monopolist's profit would be:
A. $730. B. $570. C. $320. D. $150.
Recall the Application about the free-agent market for professional baseball pitchers to answer the following question(s).Recall the Application. Pitchers who switch teams ________ pitchers who do not switch teams.
A. spend more time on the disabled list, on average, than B. spend less time on the disabled list, on average, than C. spend exactly the same amount of time on the disabled list as D. are less injury-prone than
Which of the following are considered ad valorem taxes?
A) taxes assessed by charging a rate equal to a percentage of an item's price B) taxes assessed by charging a flat amount per unit purchased C) taxes based on the amount of debt that the government must repay D) taxes based on the amount of spending the government will undertake