Why are most flat tax proposals actually calling for a progressive tax?
a. Lower levels of income are exempted.
b. All income is taxed equally.
c. Higher levels of income are exempted.
d. The filing process is simple and quick.
a. Lower levels of income are exempted.
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In an hour, Andy can make either 5 pizzas or 12 pies and Chris can make either 6 pizzas or 18 pies. ________ advantage in making pizzas
A) Andy has an absolute B) Andy has a comparative C) Chris has a comparative D) None of the above answers is correct.
The poverty rate among women is ________ that of men.
A. greater than B. roughly equal to C. not measured the same way as D. less than
The makers of the movie Titanic have some monopoly power over this film because the
A) movie is patented. B) name Titanic is trademarked. C) movie is protected by copyright law. D) government has issued the maker of this movie a public franchise. E) owner never price discriminated in marketing the movie.
For many years after the Great Depression, economists believed a central bank policy of increasing bank reserves in response to a recession would be
A) largely ineffective. B) the opposite of what the circumstances required. C) useless unless it also raised interest rates. D) useless unless it was accompanied by declining prices.