What type of income tax is reflected in the table above?

A) regressive income tax
B) proportional income tax
C) progressive income tax
D) negative income tax


A

Economics

You might also like to view...

Country A's GDP per capita in the beginning of 2005 was $22,150. In the beginning of 2006, it increased to $27,600. Calculate country A's growth rate of GDP per capita between 2005 and 2006

What will be an ideal response?

Economics

Indifference curves

a. are nonintersecting. b. are contour lines of a utility function. c. are negatively sloped. d. All of the above.

Economics

The definition of a model is a:

a. description of all variables affecting a situation. b. positive analysis of all variables affecting an event. c. simplified description of reality to understand and predict an economic event. d. data adjusted for rational action.

Economics

Suppose it takes Dan 5 minutes to make a sandwich and 15 minutes to make a smoothie, and it takes Tracy 6 minutes to make a sandwich and 12 minutes to make a smoothie. What is the opportunity cost to Dan of making a sandwich?

A. 1/3 of a smoothie B. 5 smoothies C. 3 smoothies D. 15 smoothies

Economics