Which of the following is a regressive tax?
a. A state tax of 5 percent of income.
b. A local sales tax of 5 percent.
c. The federal individual income tax.
d. A federal flat tax of 30 percent.
b
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Which one of the following statements about global population is true?
A) Since the 1970's, both population and population growth rates have increased B) Since the 1970's, population growth rates have declined but population has increased C) Since the 1970's, population growth rates have remained constant but population has increased D) Since the 1970's, both population and population growth rates have declined
The key characteristic of oligopoly markets is "interdependence among firms." This means that: a. the demand curve faced by each firm is perfectly elastic
b. each firm produces a product identical to its rivals. c. each firm must consider how its decisions will affect its competitors. d. firms will be able to earn above-normal profits in the long run.