Which of the following is a regressive tax?
a. A state tax of 5 percent of income.
b. A local sales tax of 5 percent.
c. The federal individual income tax.
d. A federal flat tax of 30 percent.
b
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The market demand curve
A. and the individual demand curve are synonymous. B. is calculated by multiplying the number of consumers by the individual demand curve. C. shows how the total quantity demanded of some good changes as price changes, other things held constant. D. can be calculated even if individual demand curves are unknown.
What is mercantilism? What are the draw backs of this doctrine?
If one looks at U.S. Census data and finds that the average male salary is $43,000 while the average female salary is $38,000, which of the following is not likely to be a significant cause of this difference given U.S. labor market demographics?
A. Women and men prefer different kinds of jobs. B. On-the-job experience varies. C. Women have less education than men. D. Discrimination exists in the labor market. E. Women are more inclined than men to work part-time.
In the United States, all money is essentially the debt of government, commercial banks, and thrift institutions.
Answer the following statement true (T) or false (F)