The federal personal income tax was designed to be a:
a. progressive tax.
b. regressive tax.
c. proportional tax.
d. poll tax.
e. payroll tax.
a
You might also like to view...
As an economy grows,
A) its PPF does not shift; instead, the production point moves from inside the PPF to be closer to the PPF. B) the opportunity cost of production will approach 0. C) it can eliminate scarcity. D) its PPF shifts outward. E) the opportunity cost of production will increase.
Buyers receive a consumer surplus when the price exceeds the marginal benefit
Indicate whether the statement is true or false
When you have $1,000 in a savings account at a bank:
A. both you and the bank now have a financial asset of $1,000. B. the bank holds a financial asset of $1,000 and you hold a financial liability of $1,000. C. both you and the bank now have a financial liability of $1,000. D. the bank holds a financial liability of $1,000 and you hold a financial asset of $1,000.
Is the claim that environmental standards reduce industrial competitiveness valid?
A) Yes, because environmental standards raise costs to businesses. B) No, because consumers will want to buy from firms that pollute less. C) No, because environmental standards have little effect in high-income countries. D) Yes, because environmental standards will cause the imposition of WTO sanctions.