If Guy Lafleur is taxed $100 on an income of $1,000 . Patrick Roy is taxed $200 on an income of $2,000 . and Ryan Walter is taxed $300 on an income of $3,000 . the tax system is
a. progressive
b. poll
c. regressive
d. excise
e. proportional
E
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Unemployment is a
A) flow concept. B) both a flow and a stock concept. C) stock concept. D) neither a stock nor a flow concept.
Refer to the scenario above. The country's net exports during that year were ________
A) $77.8 billion B) $92.4 billion C) -$2.2 billion D) -$1.2 billion
For a given change in demand: a. The quantity exchanged will change relatively more in the long run than the short run. b. The quantity exchanged will change relatively more in the short run than the long run. c. The market price will change relatively more in the short run than the long run
d. Both a. and c. are true.
Bank runs are “contagious” in that they often spread to other banks.
Answer the following statement true (T) or false (F)