In the following situation the tax system is Taxable income $5,000 $10,000 $20,000 Tax payments $500 $600 $1,600
a. progressive
b. proportional
c. regressive
d. based on the benefits received
e. there is insufficient information to answer the question
C
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When gross domestic product (GDP) is adjusted by adding any income earned abroad by U.S. firms or residents which is sent back to the United States and by subtracting any income earned in the United States by non-U.S
corporations or foreign nationals which is sent back to their home countries, it is called A) depreciation. B) international GDP. C) subsidized income. D) gross national product (GNP).
The long-run supply curve of a firm is:
A) its marginal cost curve. B) its average total cost curve. C) the portion of its marginal cost curve that lies above its average total cost curve. D) the portion of its marginal cost curve that lies below its average total cost curve.
What is NAFTA?
What will be an ideal response?
In the language of game theory, a situation in which each person must consider how others might respond to his or her own actions is called a
a. quantifiable situation. b. cooperative situation. c. strategic situation. d. tactical situation.