A sales tax is usually considered to be a
A. flat tax.
B. regressive tax.
C. progressive tax.
D. proportional tax.
Answer: B
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The goal of expansionary fiscal policy is to increase
A. aggregate supply. B. real GDP. C. unemployment. D. the price level.
Refer to the scenario above. Which country has the highest income per capita?
A) Neoland B) Eduland C) Techland D) Ritzland
The minimum value of the Herfindahl-Hirschman Index is
A) -100. B) -1. C) approximately 0. D) 1.
Which of the following is not an example of rent seeking?
A. A firm uses resources to convince a legislature to direct subsidies toward the firm. B. A mastermind hires a crew to tunnel into a bank vault. C. A person listens to an outdoor concert without paying. D. A window salesman throws bricks through perfectly fine windows.