A tax whose impact varies inversely with the income of the person taxed, that is, poor people pay a higher percent of their income than do rich people, is known as a
a. regressive tax
b. progressive tax
c. proportional tax
d. flat tax
e. an excise tax
A
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Argentina provides a recent example of a currency board success
Indicate whether the statement is true or false
Figure 7-7
In Figure 7-7 at 100 units, AVC equals
A. 8. B. 800. C. 100. D. 1,000.
We can measure the status of a national economy by looking at:
A. its total expenditures. B. its median income. C. We can look at either of these things to get the same measure. D. Neither of these is used to measure a nation's economic status.
If a country allows foreign investors to repatriate profits, it will impact its economy by
A. increasing aggregate supply. B. decreasing aggregate demand. C. increasing aggregate demand. D. decreasing aggregate supply.