With a proportional tax
A) a poor household pays a larger percentage of its income in taxes than a rich one.
B) a rich household pays a larger percentage of its income in taxes than a poor one.
C) all households pay the same total amount of tax.
D) all households pay the same percentage of their income as taxes.
D
You might also like to view...
Other things remaining the same, if a large part of the population decided against having soda for health reasons, there would be a(n):
a. increase in the quantity of soda supplied. b. increase in the quantity supplied of complements like fries and burgers. c. decrease in the price of soda. d. rightward shift of the demand curve for soda. e. decrease in the quantity demanded of substitutes like mineral water.
Human capital is
a. a stock of equipment and structures. b. the result of investments workers make in themselves such as on-the-job training. c. a difference in wages that arises to offset the nonmonetary characteristics of different jobs. d. inversely related to the supply of workers.
In the Coen Brothers' movie The Hudsucker Proxy the board of directors picks someone to run the company who they believe will make poor decisions. If things turn out as they plan,
a. the price of a share of stock in the Hudsucker corporation should decline as the demand for shares falls. b. the price of a share of stock in the Hudsucker corporation should rise as the demand for shares rises. c. the price of a share of stock in the Hudsucker corporation should decline as the supply of existing shares falls. d. the price of a share of stock in the Hudsucker corporation should rise as the supply of existing shares rises.
Exhibit 3-3 Demand curves
Assume that consumers expect the price of gasoline to rise sharply in the future. Which of the graphs in Exhibit 3-3 depicts this effect?
A. Graph A. B. Graph B. C. Graph C. D. Graph D.