The ________ is based on the ability-to-pay principle.

A. progressive income tax
B. personal property tax
C. retail sales tax
D. proportional income tax

Answer: A

Economics

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A tractor used to prepare land for planting is called

A) land. B) labor. C) physical capital. D) human capital.

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A product with qualities that consumers lack the expertise to assess without assistance is called a(n)

A) search good. B) experience good. C) credence good. D) inferior good.

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