Consider two people, Sandy Roos, who earns $25,000 . and Gary Behrman, who earns $50,000 . If the current flat-tax rate is 20 percent, then
a. Gary would prefer a poll tax to a flat tax
b. Sandy would prefer a poll tax to a flat tax
c. Gary and Sandy both pay the same amount of tax
d. Sandy would prefer the flat tax to a progressive income tax
e. Gary would prefer a progressive income tax to the flat tax
A
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In the United States, the inflation rate since 1999 generally was
A) lower than between 1979 to 1981. B) higher than between 1979 to 1981. C) higher than in the 1980s. D) much higher than between 1985 to 1995. E) negative.
Suppose a six-sided dice is rolled twice. The probability of getting a five during the second roll will depend on the outcome of the first roll
Indicate whether the statement is true or false
Some analysts have argued that cost-benefit analysis does not take into account issues involving equity and is nothing more than an efficiency test. Do you agree with this statement?
What will be an ideal response?
Factors of production are
A. Scarce only in advanced countries. B. Unlimited in quantity. C. Scarce in every society. D. Scarce only in the poorest countries of the world.