Under a regressive income tax system, individuals with higher incomes pay higher marginal tax rates
a. True
b. False
B
You might also like to view...
If the four-firm concentration ratio of an industry is
A) near 100, the industry is considered very competitive. B) less than 40, the industry is considered an oligopoly. C) over 40, the industry is considered monopolistic competition. D) less than 40, the industry is considered monopolistic competition. E) close to 0, the industry is considered a monopoly.
In the figure below, a firm that is using peak load pricing sets a price of ________ in the peak period and a price of ________ in the off-peak period.
A) $60; $30
B) $60; $20
C) $20; $10
D) $60; $10
If the national debt is owed to foreigners,
a. the debt constitutes a burden to domestic citizens. b. economic growth will necessarily be higher than if the debt were owed to domestic citizens. c. paying off the debt will involve a transfer of resources within the country. d. future interest payments on the debt are not a burden to the nation.
During the period from 2001 to 2007, investors were indifferent between lending to a rich or a poor euro-member nation because
A. interest rates on 10-year government debt were largely identical across Europe's largest governments during the period. B. the poorer member nations projected a growth rate that matched the growth rates of the rich member nations. C. the short-term interest rate on government Treasury bonds was at all-time high across all European nations. D. all European nations were experiencing booms and busts in tandem.