There is no difference between building a theory and evaluating a theory
Indicate whether the statement is true or false
False
Economics
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Consider a world with two income earners and an income tax. Individual A earns $25,000 and pays $1,000 in taxes. Individual B earns $100,000 and pays $4,000 in taxes. Which of the following best classifies the income tax system in this world?
a. proportional b. progressive c. regressive d. sumptuary
Economics
The smallest productivity gains from colonial shipping were from:
a. shorter layover times in ports. b. lower insurance rates. c. the increased speed of the ships. d. fewer wars.
Economics