A tax for which the average tax rate rises with income is defined as a
a. regressive tax.
b. proportional tax.
c. neutral tax.
d. progressive tax.
D
Economics
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Activists believe that monetary and fiscal policy will only work if it comes as a surprise to the public
a. True b. False Indicate whether the statement is true or false
Economics
Consider a firm with the following cost and revenue information: ATC = $8, AVC = $7, and MR = MC = $6. If the firm produces Q = 60 in the short run, it:
A. is minimizing losses. B. makes a total loss of $60. C. should produce more output. D. should shut down.
Economics