Using the above figure, which of the lines in the above diagram represents a progressive tax?
A. A
B. B
C. C
D. none of them
Answer: A
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If the real interest rate is 7.5% and the rate of inflation is 3%, what is the nominal interest rate?
A. 4.50% B. 4.57% C. 10.50% D. 10.73%
Which of the following is an example of a natural monopoly?
a. national defense b. ocean fish c. cable TV d. pizza
An increasing-cost industry is the result of:
A. higher resource prices that occur as the industry expands. B. a change in the industry's minimum efficient scale. C. X-inefficiency. D. the law of diminishing returns.
Which of the following is not part of the "individual mandate" provision of the Patient Protection and Affordable Care Act (ACA)?
A) In 2016, fines for not having health insurance are the greater of $695 per person or 2.5 percent of income. B) With limited exceptions, every resident of the United States is required to have health insurance that meets certain basic requirements. C) Individuals who do not acquire health insurance will be subject to a fine. D) Individuals are allowed to opt out of the insurance program if they can prove they have no serious health issues.