The ________ is an example of a regressive tax.
A. energy tax
B. tariff
C. sales tax
D. individual income tax
Answer: C
You might also like to view...
If the price level doubles, it will
A) increase potential GDP. B) increase the quantity of money. C) decrease the buying power of money. D) decrease potential GDP. E) have no effect on the buying power of money.
The "interest rate effect" can be described as an increase in the price level that raises the interest rate and chokes off
A) investment and consumption spending. B) government spending. C) government spending and unplanned investment. D) net exports.
Investment banks specialize in information regarding
A) commodities. B) certificates of deposit. C) demand deposits. D) primary securities.
Abstract economic theory can be used by academicians, but not by politicians or business people
a. True b. False Indicate whether the statement is true or false