When a tax is regressive, as a person's income rises, the tax rate
a. remains unchanged
b. decreases
c. increases
d. becomes the head tax rate
e. becomes the excise tax rate
B
Economics
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The unemployment rate is obtained by
A) dividing the number of employed people by the number of unemployed people. B) dividing the number of employed people by the noninstitutional population. C) dividing the number of unemployed people by the noninstitutional population. D) dividing the number of unemployed people by the civilian labor force.
Economics
In the Great Recession of 2007-2009, the stock market values shrank, causing a reverse:
A. Wealth effect
B. Real-balances effect
C. Interest-rate effect
D. Expectations effect
Economics