A tax is proportional if, as a person's income rises, the
a. tax rate remains unchanged
b. tax rate falls
c. tax rate rises
d. amount of the tax remains unchanged
e. amount of the tax falls
A
Economics
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The regulatory agency responsible for regulating the activities of life insurance companies is
A) the FDIC. B) the Fed. C) the FHLBS. D) the appropriate state agency where the company is operating.
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____ is the act of buying a commodity in one market at a lower price and selling it in another market at a higher price
a. Buying short. b. Discounting. c. Tariffing. d. Arbitrage.
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