Which of the following tax structures creates a disincentive to earn more?
a. Proportional tax structure
b. Regressive tax structure
c. Digressive tax structure
d. Progressive tax structure
e. A combination of proportional and regressive tax structure
d
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Because information and the time required to acquire and digest it are scarce,
a. consumers concentrate on private choices rather than on public choices b. consumers concentrate on public choices rather than on private choices c. it is irrational for consumers to remain ignorant of the costs and benefits of government proposals d. consumers have greater incentive to gather and act upon information about public choices than to gather and act upon information about their private choices e. an individual voter has more incentive to examine the performance records of candidates for public office
Per capita GDP can be defined as
a. GDP per working person. b. GDP per unit of capital. c. GDP per person. d. GDP per unit of unemployment.