Refer to the scenario above. If the first household pays 20% of its income as tax,
the second household pays 17.5% of its income as tax, the third household pays 13% of its income as tax, and the fourth household pays 10% of its income as tax, income taxes are ________ in nature.
A) progressive
B) regressive
C) cardinal
D) ordinal
B
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The reported reduction in the exchange-rate pass through to import prices means that U.S. inflation will be relatively insensitive to exchange rate changes
Indicate whether the statement is true or false
A fall in inventories is synonymous with ________ investment
A) negative fixed B) positive fixed C) positive inventory D) negative inventory
List and give examples of the five pitfalls to economic thinking
Please provide the best answer for the statement.
Positive economic analysis is said to be
A. always accurate. B. objective. C. true. D. value-laden.