If all taxpayers pay the same percentage of their income in taxes, the tax is termed a(n):
A. progressive tax.
B. per unit tax.
C. proportional tax.
D. head tax.
Answer: C
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In the figure above, if no one owns the lake, what is the quantity of pesticide produced?
A) 300 tons per month B) 240 tons per month C) 180 tons per month D) 360 tons per month
Which of the following statements is least accurate about the period between the end of World War I and 1930?
a. African Americans migrated in large scale from the north to the south. b. There was a significant increase in activity by the Ku Klux Klan. c. A Constitutional Amendment gave women the right to vote. d. A Constitutional Amendment prohibited the manufacture, distribution, and sale of intoxicating liquor.
Suppose the wage rate in a certain industry rises, and firms hire fewer workers. The best explanation of this is that labor:
A. demand fell. B. demand increased. C. supply fell. D. supply increased.
The national debt
A) The year-end national debt is equal to the debt at the beginning of the year plus the deficit.. B) Grew substantially during the 2007-2009 recession. C) Is equal to total public and private debt. D) All of the above.