A ________ income tax means that those with a higher income pay a higher percentage of their income in taxes than low-income people.
A. proportional
B. consumption-based
C. progressive
D. regressive
Answer: C
Economics
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In 2009, the U.S. budget deficit reached what astronomical number?
a. 1.2 billion b. 1.4 trillion c. 1.6 billion d. 1.8 trillion
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Output produced by workers and resources owned by residents of the nation
What will be an ideal response?
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You use $40,000 of your own money to start a catering business. During the first year you earn a 5% return on that investment. If the current interest rate on savings is 8%, you earn an economic profit of
A. -$1,200. B. $1,200. C. $2,000. D. $3,200.
Economics