Which of the following examples illustrates a regressive income tax?
a. I earn $500 and pay $50 in taxes; you earn $1,000 and pay $90 in taxes.
b. I earn $500 and pay $50 in taxes; you earn $1,000 and pay $100 in taxes.
c. I earn $500 and pay $50 in taxes; you earn $1,000 and pay $110 in taxes.
d. I earn $500 and pay $50 in taxes; you earn $1,000 and pay $125 in taxes.
A
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Producers favor a ________ because ________
A) price ceiling; the equilibrium price increases B) price support; the deadweight loss is minimized C) price ceiling; total revenue increases D) price support; total revenue increases E) price ceiling; consumer surplus increases
What is long-run economic growth and how is it measured?
What will be an ideal response?
The federal corporate income tax rate in 2003 was about _____ for most corporations
a. 28 percent b. 35 percent c. 42 percent d. 47 percent
Which of the following could increase the supply of labor in the market for cranberry pickers? (i) a change in the preferences of women toward full-time work (ii) an increase in the output price (iii) an increase in the wages paid to apple pickers (iv) a decrease in the wages paid to apple pickers
a. (ii) only b. (i), (ii), and (iv) only c. (i) and (iv) only d. (ii) and (iii) only