A congress member concerned about ensuring vertical equity in taxation would be most likely to argue for obtaining government revenue through a
a. progressive tax on personal income.
b. regressive tax on corporate income.
c. sales tax.
d. head tax.
a
Economics
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For most practical matters, economists assume that
A) individuals are risk neutral. B) individuals are risk lovers. C) individuals are risk averse. D) most individuals are risk lovers. E) most individuals are risk neutral.
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During 1959 through 2010, the percent of poor families headed by an elderly person
a. rose. b. steadily declined. c. remained virtually unchanged. d. steadily increased until 1980 when it began to decline.
Economics