Which of the following can be classified as a regressive tax?
a. Excise tax.
b. Sales tax.
c. Gasoline tax.
d. All of these.
d
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What determines how much market power a firm has?
What will be an ideal response?
Countries with different initial levels of per capita income may gravitate to a similar level of per capita income. Economists call this phenomenon ________
A) convergence B) simulation C) gravitation D) depreciation
Bob just graduated from college and has just landed his first job with a local accounting firm that will start in three months. Bob plans to use that time to find a place to live, and adjust to the new area. Bob would be considered:
A. frictionally unemployed. B. employed. C. structurally unemployed. D. Bob is not in the labor force.
The profit motive that stems from private ownership means that elephant populations are best protected as common resources
a. True b. False Indicate whether the statement is true or false