An example of a regressive tax is the
A) corporate income tax.
B) personal income tax.
C) Social Security tax.
D) state inheritance tax.
Answer: C
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Which of the following statements identifies a difference between optimization in levels and optimization in differences?
A) Optimization in levels compares only the costs of different alternatives, whereas optimization in differences compares only the benefits of different alternatives. B) Optimization in levels compares only the benefits from different alternatives, whereas optimization in differences compares only the costs of different alternatives. C) Optimization in levels calculates the net benefits of different alternatives, whereas optimization in differences calculates the change in net benefits when switching from one alternative to another. D) Optimization in levels calculates the change in net benefits when switching from one alternative to another, whereas optimization in differences calculates the net benefits of different alternatives.
The main proponent of the liberal view of poverty is
A. Charles Murray. B. William Julius Wilson. C. Nicholas Lemann. D. David Rogers.
Which of the following is true of the NASDAQ Composite Index?
a. It includes the stocks of 500 companies that are widely owned by U.S. citizens. b. It represents all major areas of the U.S. economy. c. It mostly includes the stocks of technology and Internet-related companies. d. It contains more than 6,500 stocks that are traded in the United States. e. It includes all the stocks which are on the New York Stock Exchange.
A growth recession is said to occur when the economy grows at a
A. Slower rate in the current year than the preceding year. B. Rate less than that of population. C. Rate less than the long-term average. D. Negative rate.