The federal income tax code of the United States is

A) progressive.
B) proportional.
C) regressive.
D) progressive for individuals but proportional for married couples.

A

Economics

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Which of the following is consistent with the circular flow of income?

I. Goods and services flow in one direction. II. Payments and incomes flow in one direction. III. Sellers receive less than what buyers spend. A) I only B) II only C) III only D) Both I and II

Economics

State the law of demand and illustrate it. Explain what is meant by the term "price" in the law of demand

What will be an ideal response?

Economics