A wealthy executive is holding money, waiting for a good time to invest in the stock market. This action would be an example of the:

A tax system in which the average and marginal tax rates are the same for every level of taxable income and every change in income is an example of

A) regressive taxation. B) proportional taxation. C) progressive taxation. D) premium taxation.

Within a country, the domestic price of a product will equal the world price if

a. trade restrictions are imposed on the product. b. the country allows free trade. c. the country chooses to import, but not export, the product. d. the country chooses to export, but not import, the product.