Which of the following productive resources is considered 'fundamentally different' from other resources with respect to supply and diminishing returns?

A pegged rate system that includes policy cooperation is usually:

A) difficult to maintain. B) a good compromise for nations who want exchange rate stability, stable output, and some flexibility. C) not a good bet for nations who are large trading partners. D) administered by large private banks.

A tax whose impact varies inversely with the income of the person taxed, and poor people have a higher percentage of their income taxed than rich people, is known as a:

a. regressive tax. b. progressive tax. c. proportional tax. d. flat tax. e. tax holiday.