A 5 percent tax applied to a foreign good or service is a(n)
a. unit tax
b. foreign tax
c. progressive tax
d. customs duty
e. sales tax
D
Economics
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Personal income taxes rise. This lowers __________, which lowers __________ and the __________ curve shifts __________
A) net exports; aggregate demand (AD); AD; leftward B) consumption; short-run aggregate supply (SRAS); SRAS; rightward C) government revenue; net exports; AD; rightward D) consumption; aggregate demand (AD); AD; leftward E) none of the above
Economics
Refer to the below graph. If the Lorenz curve shifted from (d) to (b), then the Gini ratio and the degree of income inequality would:
A. Increase
B. Decrease
C. Remain constant
D. Become negative
Economics