The Federal tax system is:
A. Proportional while state and local tax structures are largely progressive
B. Progressive while state and local tax structures are largely regressive
C. Regressive while state and local tax structures are largely proportional
D. Regressive while state and local tax structures are largely progressive
B. Progressive while state and local tax structures are largely regressive
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Which of the following is an example of a federal mandate?
A) the Medicaid program B) an excise tax C) the personal tax exemption D) the Food and Drug Administration (FDA)
A relative measure of the importance of trade is
A) the dollar value of trade. B) trade as a percentage of GDP. C) the dollar value of trade adjusted for inflation. D) trade as a percentage of investment.
If the slope of a straight line is 5 and if X (the variable on the horizontal axis) increases by 4, then Y (the variable on the vertical axis) will
A. increase by 20. B. increase by 0.8. C. decrease by 20. D. decrease by 0.8.
Capital goods, because their purchases can be postponed like ______ consumer goods, tend to contribute to ________ in investment spending
A. nondurable; instability B. nondurable; stability C. durable; instability D. durable; stability