The fact that high-income earners tend to earn a higher percentage of their incomes from rent and dividends, in contrast to low-income earners, make the payroll taxes
A. proportional.
B. a flat tax.
C. more progressive.
D. more regressive.
Answer: D
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The monopolist has no supply curve because
A) the quantity supplied at any particular price depends on the monopolist's demand curve. B) the monopolist's marginal cost curve changes considerably over time. C) the relationship between price and quantity depends on both marginal cost and average cost. D) there is a single seller in the market. E) although there is only a single seller at the current price, it is impossible to know how many sellers would be in the market at higher prices.
Why does the demand curve for Japanese yen slope down?
What will be an ideal response?
The productivity speed-up in the United States could be explained by
a. improvements in labor force quality. b. falling energy prices. c. rising rates of domestic saving. d. advances in information technology.
Short-run average cost exceeds long-run average cost only when there are economies of scale
Indicate whether the statement is true or false