The difference between microeconomics and macroeconomics is that
A) microeconomics looks at supply and demand for goods, macroeconomics looks at supply and demand for services.
B) microeconomics looks at prices, macroeconomics looks at inflation.
C) microeconomics looks at individual consumers, macroeconomics looks at national totals.
D) microeconomics looks at national issues, macroeconomics looks at global issues.
C
Economics
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An income tax for which the average tax rate is constant called a
A) regressive income tax. B) proportional income tax. C) marginal income tax. D) progressive income tax.
Economics
Corporate profits are
a. included in payroll taxes. b. exempt from taxes. c. taxed twice, once as profit and once as dividends. d. taxed to pay for Medicare.
Economics