Overall, the U.S. tax system (combined federal, state, and local) is:

A. highly progressive.
B. slightly progressive.
C. slightly regressive.
D. highly regressive.

Answer: B

Economics

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The multiplier effect is the series of ________ increases in ________ expenditures that result from an initial increase in ________ expenditures

A) induced; investment; autonomous B) induced; consumption; autonomous C) autonomous; consumption; induced D) autonomous; investment; induced

Economics

The increase in the price of sugar created by the tariff will lead domestic consumption to fall by ________ tons per year, compared to when the economy is open without the tariff.

A. 40 B. 20 C. 30 D. 10

Economics