Which tax system requires all taxpayers to pay the same percentage of their income in taxes?
a. a regressive tax
b. a proportional tax
c. a progressive tax
d. a horizontal equity tax
b
Economics
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A new industry develops, and our government wants to protect it from foreign competition. Which one of the following arguments would appropriately describe this type of protection?
A) national security B) cartelization C) infant industry D) protecting American jobs
Economics
In which of the following economic theories is it possible for an increase in the money supply to lead to a decrease in Real GDP in the short run?
A) Keynesian theory B) Monetarist theory C) New classical theory D) a and b E) a and c
Economics