Each citizen in Nexus City has to pay $20,000 as income tax. This is an example of a ________
A) proportional income tax
B) progressive income tax
C) lump-sum tax
D) regressive income tax
C
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Consider the total cost of traveling from point A to point B
The cost of traveling by car would include the cost of gasoline and the opportunity cost of time; the cost of hopping on a bus would include the bus ticket and the opportunity cost of time. Assume that the bus ticket costs less than the gasoline. Does this imply that using a bus to get to the destination involves lower total costs than getting there by car? What if the bus doesn't take the fastest route from point A to point B?
The value of Best Bank's accounting profits was $35 million.
a. $1,000 b. $100 c. $10 d. $1
An increase in the money supply might indicate that the Fed had
a. purchased bonds in an attempt to increase the federal funds rate. b. purchased bonds in an attempt to reduce the federal funds rate. c. sold bonds in an attempt to increase the federal funds rate. d. sold bonds in an attempt to reduce the federal funds rate.
Some people attribute the rapid growth of the East Asian economies in the 1980s and 1990s to the:
A. governments planning for growth by investing in certain industries. B. governments picking industries to support with investments and favorable tax and trade policies. C. success of their "industrial policies." D. All of these are true.