With a tax of $2,000 on $30,000 of income, and $2,000 on $70,000 of income, we can describe the structure of this tax as:
A. Progressive
B. Proportional
C. Regressive
D. Marginal
C. Regressive
Economics
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An important explanation of the high income inequality in Brazil is unequal access to
a. food b. education c. infrastructure d. jobs e. none of the above
Economics
"The price elasticity of demand for a particular good is smaller in the long run because consumers adapt to higher prices over time." Do you agree or disagree? Explain
What will be an ideal response?
Economics
Under a tariff, the domestic government gains revenue, but under an import quota it does not, unless it sells the quota rights
a. True b. False
Economics
Buchanan and Wagner assert that there is a political bias toward contractionary fiscal policy and not expansionary fiscal policy
Indicate whether the statement is true or false
Economics