If a tax is proportional, the average tax rate
A. remains the same as income rises.
B. rises as income rises.
C. falls as income rises.
D. falls as income falls.
Answer: A
You might also like to view...
Among the United States, Canada, Russia, India, and the United Kingdom, the country with the highest average income per person is
A) the United Kingdom. B) India. C) Canada. D) Russia. E) the United States.
In the circular flow model, which of the following is an injection?
A. Investment spending B. Government taxes C. Total exports D. Imports
Expansionary fiscal policy increases income, which increases imports, and this in turn increases the size of the trade deficit.
Answer the following statement true (T) or false (F)
Since 1960, in the United States the labor force participation rate for men has ________ and for women has ________
A) not changed; increased B) increased; increased C) increased; decreased D) decreased; decreased E) decreased; increased