A tax structure is progressive as long as a person who has more income pays
A. the same rate of tax than someone who has less income.
B. a higher rate of tax than someone who has less income.
C. the same tax than someone who has less income.
D. more tax than someone who has less income.
Answer: B
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In a change to immigration policy during 2012, "people younger than 30 who came to the United States before the age of 16, pose no criminal or security threat, and were successful students or served in the military can get a two-year deferral from
deportation", Homeland Security Secretary Janet Napolitano said, according to CNN, 06/16/2012. If many of these immigrants had previously been afraid to work, now as a result of being able to work legally A) both the short-run and long-run aggregate supply curves shift rightward. B) only the long-run aggregate supply curve shifts rightward. C) only the short-run aggregate supply curve shifts rightward. D) neither the short-run nor the long-run supply curve shift.
In the ultimatum experiment, what are the usual outcomes?
A) Proposer proposes to give the minimum positive amount to the responder in all the rounds. B) Proposer and responder are rational all the time. C) Proposer proposes to give about 30~40% of total amount to the responders. D) Proposer proposes to give 60~70% of total amount to the responders
The merit standard refers to
A) "To each according to her need." B) "To each exactly the same." C) "To each according to her productivity." D) "To each according to his ability."
Which of the following is an example of opportunity cost?
A. The income that could have been earned by working full-time instead of going to college. B. The decline in the grades of a student athlete that occurs because she decides to spend more time practicing sports than on her academic work. C. The value of other things you could have done with the same time and money it cost you to go to the movies. D. All of the choices are examples of opportunity cost.