Using the economic way of thinking, complete the following sentence: "One person's profit is
A) a sign of sinful activity."
B) the result of uncertainty."
C) only a matter of luck and chance."
D) another person's loss."
B
Economics
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If you pay a constant percentage of your taxable income in taxes, the tax is
A) regressive. B) random. C) proportional. D) progressive.
Economics
The age-earnings profile for most people indicates
A) earnings rise continually until a person retires. B) earnings initially decline and then rise continually until retirement. C) that when you adjust for inflation, earnings are constant throughout the entire workplace experience. D) earnings rise until the age of about 50 and then begin to fall until retirement.
Economics