An average tax rate of 1% on the poor and 20% on the rich would be
A. progressive.
B. proportional.
C. regressive.
A. progressive.
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A "registration statement" is drawn up in the process of
A) preparing a private placement. B) requesting the waiving of a restrictive covenant. C) underwriting publicly-sold securities. D) listing the collateral on a loan.
If the production possibilities curve is a straight line,
a. opportunity costs rise as output of either commodity is expanded. b. resources are not equally productive in the production of both goods. c. opportunity costs are negative. d. resources can be moved from the production of one good to production of others with no loss of productivity.
Which of the following statements is true?
A. There was a great deal of stagflation in the 1930s. B. The inflation rate fell during the Eisenhower Administration, but rose during the Reagan years. C. Output in the United States fell by about one-third between 1929 and 1933. D. The Medicare and Medicaid programs were inaugurated during the New Deal.
If a product has a diminishing, but positive, marginal utility, then total utility
A. increases at a diminishing rate. B. decreases at a diminishing rate. C. decreases at an increasing rate. D. will become negative.