Under a progressive income tax, as income increases
A. taxes increase at the same proportional rate as income.
B. taxes decrease as a share of income.
C. absolute tax payments increase, but the average tax rate declines.
D. taxes increase as a percent of income.
D. taxes increase as a percent of income.
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All of the following are examples of anthropogenic pollutants EXCEPT
a. lead b. carbon monoxide c. pollen d. sulfur dioxide
Assume that the market for cell phones comprises two buyers and two sellers. The following table shows the demand and supply of cell phones at different prices. Using the information in the table, determine the market equilibrium price and quantity
Price ($) Cell Phones Demanded (Buyer 1 ) Cell Phones Demanded (Buyer 2 ) 10 100 80 20 80 65 30 75 50 40 60 45 50 30 30 60 20 22 Price ($) Cell Phones Supplied (Seller 1 ) Cell Phones Supplied (Seller 2 ) 10 10 25 20 30 40 30 50 45 40 55 50 50 65 60 60 75 70
Philosopher John Rawls developed a thought experiment to help determine a standard by which we could say individuals are in agreement with the constitutional rules and, thus, actions of government. Behind his "veil of ignorance" _____
a. people know nothing about their friends and family b. people know nothing about themselves c. people know nothing about causal relationships d. people know nothing about politics
What are the three primary measures used in macroeconomics to assess the performance of an economy?
What will be an ideal response?