A tax where the percentage of income paid in taxes is the same regardless of the size of the income is a:
a. proportional tax.
b. regressive tax.
c. progressive tax.
d. mix of a and b.
a
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The ratio of debt to GDP in the United States
a. tends to rise during wars. b. rose during the decade that began in 2001. c. fell during the late 1990s. d. All of the above are correct.
How does a bank make most of its profit on its business?
(A) By paying out less in interest on deposits than it earns in interest on loans. (B) By receiving fees from the government for handling federal and state accounts. (C) By collecting fees on safety deposit boxes, travelers' checks, and certified checks. (D) By collecting fees on credit card purchases.
A natural monopoly usually arises when
A. there are diseconomies of scale in an industry. B. the government allows unrestricted access to a market. C. companies band together to form a larger company. D. there are large economies of scale relative to the industry's demand.
The average total cost curves for plants A, B, C and D are shown in the above figure. Which plant is best to use to produce 60 units per day?
A) plant A B) plant B C) plant C D) plant D