Social security taxes in the U.S. tend to be ________
A) proportional
B) progressive
C) regressive
D) negative
C
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Which of the following statements is true?
A) A monopoly is a price taker because it faces a downward sloping demand curve. B) A monopoly is a price maker because it faces a downward sloping demand curve. C) A perfectly competitive firm is a price taker because it faces a downward sloping demand curve. D) A perfectly competitive firm is a price maker because it faces a downward sloping demand curve.
Why is the Doha Round called the Doha Development Round?
What will be an ideal response?
Sellers have a strong incentive to lobby government for legal restrictions that would reduce the intensity of competition in their market because
a. the firms wish to be more efficient than competition will permit. b. competition tends to result in lower prices and lower profits. c. legal restrictions that lessen competition in a market generally benefit consumers. d. the firms fear that intense competition will lead to higher profits that will attract additional rivals into the market.
Does a state sales tax function as a progressive, regressive, or proportional source of revenue, and why?
What will be an ideal response?