The Lithuanian tax rate for all citizens' income is 24 percent. If the Lithuanian government was concerned about income inequality, they should change the tax system from a system that is currently ________ to a system that is ________
A) progressive; proportional
B) regressive; progressive
C) proportional; progressive
D) proportional; regressive
C
You might also like to view...
If firms are successful in product differentiation:
a. their demand will become relatively elastic. b. consumers will believe that the firms are producing more or less identical goods. c. they can raise their prices without losing all of their customers to rivals. d. they tend to face a horizontal demand curve. e. they gradually emerge as price takers.
Floating exchange rates are determined by the
a. forces of supply of and demand for currencies. b. governments with a trade surplus. c. governments with a trade deficit. d. IMF under the Bretton Woods Agreement.
The two primary reasons to adopt measures to restrict trade are that
A. they help keep real wages high in the importing country, and they also permit small businesses to compete in international markets. B. they may help the importing country improve its educational system, and they keep high-technology products from being stolen by foreign competitors. C. they may help the importing country get better prices for its goods, and they protect certain industries from foreign competition. D. they may help advance the political goals of the nation, and they encourage productivity in domestic industries.
The Lorenz curve shows
A. the ratio of cash income to payments-in-kind. B. how poverty rates change over time. C. the degree of inequality in the income distribution. D. the percentage of population below the poverty line.