A flat tax:
a. is designed so that everybody would pay the same number of dollars in taxes

b. is designed in such a way that as a person's income rises, the tax rate falls.
c. is designed so that everybody would be charged the same percentage of their income.
d. is designed to take a smaller percentage of higher incomes as compared to lower incomes.

c

Economics

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An estimated demand curve does NOT necessarily match actual data perfectly because

A) it is not possible to accurately calculate the coefficients of the curve. B) some factors that are not measured or observed may affect the curve. C) the random error term has too large of a range. D) demand is unpredictable.

Economics

Comparing the California test scores to test scores in Massachusetts is appropriate for external validity if

A) Massachusetts also allowed beach walking to be an appropriate P.E. activity. B) the two income distributions were very similar. C) the student-to-teacher ratio did not differ by more than five on average. D) the institutional settings in California and Massachusetts, such as organization in classroom instruction and curriculum, were similar in the two states.

Economics