A tax for which the rate varies directly with the income of the person taxed is known as a(n):
a. regressive tax.
b. progressive tax.
c. proportional tax.
d. flat tax.
e. excise tax.
b
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What best describes immigration in the US?
a. South-eastern Europe was the largest source of immigrants in the late 19th century and Latin America was the largest source at the beginning of the 20th century. b. Asia was the largest source of immigrants in late 20th century and south-eastern Europe was the largest source in the first half of the 19th century. c. Britain was the largest source of immigrants through the 18th century and Germany and Ireland were the largest sources in the last quarter of the 19th century. d. Ireland and Germany were the largest sources of immigrants in the middle of the 19th century and Latin America and Asia were the largest sources at the end of the 20th century.
A type of public policy set in response to rising prices of a basic necessity, such as food, might be:
A. to make it illegal to charge higher prices for those goods. B. to hire more producers of those goods. C. to subsidize the price of those goods. D. All of these are ways government can try to address rising prices of a basic necessity.
Which of the following would be included in the capital account section of the balance of payments?
a. government bond purchases by people in other countries b. net investment income c. imports and exports of goods d. imports and exports of services
A price floor is a government-mandated
A) minimum price below which legal trades cannot be made. B) maximum price above which legal trades cannot be made. C) minimum price at which all units of the good must be legally sold. D) minimum price below which legal trades can be made.