A proportional income tax is defined as a tax for which
A) total taxes paid increase with the level of income.
B) total taxes paid are independent of the level of income.
C) the average tax rate increases with the level of income.
D) the average tax rate is the same at all levels of income.
D
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The approach economists use to analyze competition among oligopolists is called
A) marginal analysis. B) game theory. C) competition among the few. D) oligopoly theory.
Exchange rate crises are only associated with fixed exchange rate systems
Indicate whether the statement is true or false
In the early 1980s the government's primary method of combating inflation was
A) price and wage controls. B) undoing the "self-inflicted" wounds. C) restrictive monetary policy. D) indexing bonds to protect savers.
The Social Security System includes three separate programs. They are
A. Old Age and Survivors Insurance, Medicare, and Unemployment Compensation. B. Disability Insurance, Medicare, and Temporary Assistance to Needy Families (TANF). C. Old Age and Survivors Insurance, Disability Insurance, and Health Insurance. D. Old Age and Survivors Insurance, Medicare, and Medicaid.