Which of the following taxes is always regressive?
a. a property tax
b. an income tax
c. a corporate tax on profit
d. a 25 percent tax on overtime wages
e. a $2 tax on a ticket to the movies
E
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The root cause of the hyperinflation that plagued Zimbabwe in the 2000s is ________
A) printing of too much money by the central bank B) government expenditures greatly above revenues C) outlawing of price increases on many commodities D) allowing the use of foreign currencies E) the issuance of a $100 billion bank note
A decrease in supply results in a(n)
a. decrease in demand b. increase in equilibrium quantity and a decrease in equilibrium price c. decrease in equilibrium quantity and a decrease in equilibrium price d. increase in demand e. increase in equilibrium price and a decrease in equilibrium quantity