When the marginal tax rate equals the average tax rate, the tax is
a. proportional.
b. progressive.
c. regressive.
d. egalitarian.
a
Economics
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If at a price of $24, Octavia sells 36 home-grown orchids and at $30 she sells 24 home-grown orchids, the demand for her orchids is
A) inelastic. B) unit elastic. C) perfectly elastic. D) elastic.
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During business contractions, the growth rate of Solow residuals is ________
A) near or below zero B) well above zero C) approaching infinity D) impossible to calculate
Economics