Flat tax
A. is same tax rate to everyone.
B. is same tax rate to each component of income.
C. allows a tax base with no deductions with a few exemptions and expenses.
D. is same tax rate to everyone and to each component of income only.
E. all of these answer options are correct.
E. all of these answer options are correct.
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Use the following graph for the milk market to answer the question below.
There would be excess production of milk whenever the price is
A. less but not greater than $2.00 per gallon. B. greater than $1.50 per gallon. C. less than $1.50 per gallon. D. greater but not less than $2.00 per gallon.
The purchase of a U.S. asset by a foreign resident is a
A) surplus item on the current account. B) deficit item on the financial account. C) surplus item on the financial account. D) deficit item on the current account.
In 1997 the price of a local telephone call from most pay phones rose from 15 cents to 25 cents. What effect do you think this will have on phone company revenues? Explain
It is possible for China to have an absolute advantage over Japan in the production of rice, but not a comparative advantage over Japan in its production
Indicate whether the statement is true or false