With a regressive tax system, as the level of income increases in an economy, the average tax rate will:

A. remain constant.
B. increase.
C. decrease.
D. either increase or decrease.


Answer: C

Economics

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Another benefit from entering a currency union that is not optimal would include:

A) the idea that economies interconnected in a currency union with increased trade also develop a symmetry of demand shocks. B) the reduction of interdependence and an increase in self-sufficiency. C) the cessation of disagreement over trade protection. D) the possibility of increasing the currency area.

Economics

Which one of the following is NOT a characteristic of public goods?

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Economics