Which statement is false?
A. A poor person who smokes pays a higher percentage of her income in cigarette excise tax than a rich person.
B. The cigarette excise tax is a regressive tax.
C. The cigarette excise tax is a direct tax.
D. None of these statements are false.
C. The cigarette excise tax is a direct tax.
Economics
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In the above figure, point A represents
A) a recessionary gap. B) a full-employment equilibrium. C) an inflationary gap. D) an increase in aggregate demand.
Economics
When net capital flows are positive,
A) net foreign investment is negative. B) capital inflows are greater than capital outflows. C) capital outflows are greater than capital inflows. D) A and B are both correct.
Economics