The U.S. income tax is currently a __________ tax
A) progressive
B) proportional
C) regressive
D) proactive
A
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Which market structure is characterized by the following characteristics? i. A large number of firms compete. ii. Each firm produces a differentiated product. iii. Firms are free to enter and exit
A) perfect competition B) duopoly C) oligopoly D) monopolistic competition E) monopoly
More than 50% of the elderly receive private pensions
Indicate whether the statement is true or false
If men, on average, earn 20 percent more than women in a particular occupation,
a. this is clear evidence of discrimination b. some of this differential could be due to differences in human capital c. most but not all of the differential is due to discrimination d. comparable worth laws must not be in effect e. men must have higher skills levels than women
Many states have usury laws, which:
a. impose an upper limit on the interest rate that lenders can charge. b. impose a lower limit on the interest rate that lenders can charge. c. impose limits on how products can be used by consumers. d. impose an upper limit on the quantity of a product that can be sold.