The burden of a regressive tax ________ as a percentage of income as income ________.

A. does not change; rises
B. rises; falls
C. rises; rises
D. does not change; falls


Answer: B

Economics

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Your firm owns an old truck that is used to make local deliveries. The truck is fully depreciated and only costs $1.20 per hour to operate, but you could rent it to another firm for $15.00 per hour

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Exhibit 2-15 Production possibilities curve In Exhibit 2-15, the economy will experience the most future economic growth if it chooses what point now?

A. J. B. K. C. M. D. N.

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Other things equal, the multiplier effect associated with a change in government spending is:

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Economics