How are the rich able to shield large amounts of their income from sales tax while the poor typically cannot?
What will be an ideal response?
The poor typically consume all of their income and a very large percentage of it will be subject to the sales tax. By contrast the rich are able to save larger percentages of their income which effectively shield it from the sales tax.
Economics
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An advantage of discretionary policy might be that ________
A) it has been shown to be more efficient than rules B) it is more flexible than rules C) it requires a binding plan in advance to deal with economic problems D) all of the above E) none of the above
Economics
In the United States, control of the quantity of money is given to the:
A. Federal Reserve System. B. Department of the Treasury. C. Bureau of Printing and Engraving. D. President.
Economics