If both rich and poor families pay 25 percent of their income in taxes, the tax scheme is ________
A) proportional
B) regressive
C) negative
D) progressive
A
You might also like to view...
Production data for Joe's Pizza Parlor are as follows. For simplicity assume that labor is the only input. Each pizza sells for $5. Number of WorkersPizzas Baked Per Day00110218324430532How many workers will Joe hire if he must pay each one $25 a day?
A. 1 B. 2 C. 3 D. 4
Suppose the automobile industry can import 10% of the total quantity demanded of cars in the U.S. This is an example of a(n) ________.
A. import tax B. tariff C. quota D. trade limit
Most food products have low income and price elasticities of demand
Indicate whether the statement is true or false
A raise in the price of a product causes _____.
(A) A decrease in supply. (B) An increase in demand. (C) A decrease in competition. (D) An increase in competition.