The federal income tax is an example of a
a. progressive tax.
b. regressive tax.
c. proportional tax.
d. value-added tax.
a
Economics
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A customs union will increase the welfare of its members and the rest of the world if:
a. trade creation is greater than trade diversion. b. trade creation is less than trade diversion. c. trade creation is positive. d. trade diversion is positive.
Economics
Free-floating exchange rates are determined by the
A. policies of the domestic government. B. policies of foreign governments. C. forces of demand and supply in the foreign exchange market. D. forces of demand and supply in the domestic money market.
Economics