Sonja paid $15,000 in taxes after having earned $100,000 . Amanda paid $22,000 in taxes after having earned an income of $146,667.This is an example of a proportional tax
a. True
b. False
Indicate whether the statement is true or false
True
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Circle of Crust Pie Five Pizzas has a frequent purchaser program, called Circle of Crust, in which patrons earn points with every purchase. With enough points, the patron's next purchase is free. How does this program alter customer decisions?
According to the table shown, what can be said about the cost of living in 2011?
A. It increased 5.3 % from the previous year, and consumers were worse off if their nominal income did not change.
B. It increased by 5.0 % from the previous year, and consumers were better off if their nominal income did not change.
C. It is the base year, so no comparisons can be made in this year.
D. It is the base year, so the cost of the basket of goods did not change.
As you eat a hamburger, there is less and less of it available for someone else to eat. This is the characteristic of nonexclusivity
Indicate whether the statement is true or false
Net exports equal
a. exports plus imports. b. imports minus exports. c. Y - (C + I + G). d. Y - (C - I - G).