If a person is taxed $100 on an income of $1,000, taxed $200 on an income of $2,000, and taxed $300 on an income of $3,000, this person is paying a(n):
A. progressive tax.
B. proportional tax.
C. regressive tax.
D. excise tax.
Answer: B
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Which is true concerning U-2?
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Suppose the growth rate of the firm's profit is 7 percent, the interest rate is 10 percent, and the current profits of the firm are $120 million. What is the value of the firm?
A. $44 million B. $6,800 million C. $4,280 million D. $4,400 million
Which writer held the view that by showering so much money on the poor, the government robbed them of their incentive to work?
A. Barbara Ehrenreich B. Frances Fox Piven C. Charley Murray D. William Julius Wilson