Consider a world with two income earners and an income tax. Individual A earns $25,000 and pays $1,000 in taxes. Individual B earns $100,000 and pays $4,000 in taxes. Which of the following best classifies the income tax system in this world?
a. proportional
b. progressive
c. regressive
d. sumptuary
a
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Information plays an important role in asset pricing because it allows the buyer to more accurately judge
A) liquidity. B) risk. C) capital. D) policy.
The legal transfer of chattels supports economic growth
Indicate whether the statement is true or false
All national banks were required to join the Federal Reserve Bank of their region; however, state banks could do so on a voluntary basis
Indicate whether the statement is true or false
If the marginal cost of pollution abatement is smaller for large firms than it is for small firms, then it is efficient for:
A. small firms and large firms to increase pollution by a fixed proportion. B. small firms and large firms to reduce pollution by a fixed proportion. C. small firms to reduce pollution by more than large firms. D. large firms to reduce pollution by more than small firms.