If you pay $2,000 in taxes on an income of $20,000, and a tax of $3,000 on an income of $30,000, then over this range of income the tax is
A) regressive.
B) proportional.
C) progressive.
D) There is insufficient information to answer the question.
B
Economics
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China's population is over 1.5 billion, while the population of the United States is about 300 million. This fact means that China has much more human capital than the U.S. does. True or false? Explain your answer
Indicate whether the statement is true or false
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Why are externalities called market failures? Are pecuniary externalities also an example of market failure?
What will be an ideal response?
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