When a person's income rises and the tax rate is constant, the tax is a
a. regressive tax
b. poll tax
c. progressive tax
d. head tax
e. proportional tax
E
You might also like to view...
If individuals become so discouraged that they stop seeking jobs, then the:
a. Unemployment rate rises and the employment rate falls. b. Unemployment rate falls and employment rate stays the same. c. Unemployment rate falls and the employment rate falls. d. Unemployment rate remains the same and the employment rate stays the same. e. Unemployment rate falls, and the employment rate rises.
Refer to the graph shown. If the seller expects a price of $48:
A. it is not economically feasible to produce any level of output. B. the minimum level of profitable production is 18. C. any level of output is profitable. D. the minimum level of profitable production is 21.
Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their jobs and become full time college students. This would cause
A) the unemployment rate to decrease. B) the number of discouraged workers to increase. C) no change in the unemployment rate. D) the labor force participation rate to decrease.
Which of the following models has as its central idea that workers and firms have rational expectations?
A) the new classical model B) the monetarist model C) the real business cycle model D) the new Keynesian model