The U.S. Social Security tax is an example of a
A) progressive tax.
B) proportional tax.
C) premium tax.
D) regressive tax.
D
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In order to infer expected future exchange rates, we must have a forward exchange market in a currency
Indicate whether the statement is true or false
Suppose that Wells Fargo Home Mortgage sells $10 million worth of mortgage payments to GMAC in exchange for $10 million in auto loan payments. This type of transaction is called a
A) credit option. B) credit swap. C) credit-linked note. D) credit default swap.
If a person is taxed $100 on an income of $1,000 . taxed $180 on an income of $2,000 . and taxed $220 on an income of $3,000 . this person is paying a:
a. progressive tax. b. poll tax. c. proportional tax. d. regressive tax. e. retro tax.
Markets fail to allocate resources efficiently when
a. prices fluctuate. b. people who have property rights abuse their privileges. c. property rights are poorly enforced or not well established. d. the government refuses to intervene in private markets.