Refer to the table above. This is an example of a ________ tax system
A) progressive
B) regressive
C) proportional
D) cardinal
A
You might also like to view...
Pollution is an example of a ________ externality
A) negative production B) positive production C) negative consumption D) positive consumption E) Coasian
Keynes's liquidity preference theory of the interest rate suggests that the interest rate is determined by
A. the supply and demand for labor. B. aggregate supply and aggregate demand. C. the supply and demand for loanable funds. D. the supply and demand for money.
Ceteris paribus, an increase in the U.S. demand for Greek goods in Figure 36.1 will
A. Result in a movement from M to R on the supply curve for dollars. B. Increase the dollar price of euros above $2 = 1 euro. C. Make U.S. goods more expensive to Greek residents. D. Result in a movement from M to N on the demand curve for dollars.
The marginal propensity to consume explains how much of the next dollar of disposable income
A. a business will invest. B. the government will spend. C. a household will spend. D. foreign residents will use to purchase domestic exports.