Refer to the scenario above. If the income tax rate for the fourth household is higher than the income tax rate for the second household, it can be inferred that the government follows a ________ income tax system

The income elasticity of demand is the percentage change in ________ divided by the percentage change in ________

A) the price; income B) the quantity demanded; income C) income; the quantity demanded D) income; the price

For a U.S. economic agent, the expected return on U.S. dollars includes ________

A) the interest rate on dollar-denominated bank deposits B) the expected value of the dollar relative to some other currency C) the rate of exchange between the dollar and some other currency D) the expected return on some other currency