You are impressed with a $60,000 Porsche and decide to buy one yourself. You end up paying a 20 percent customs duty and 10 percent in sales tax. These taxes are
a. progressive and related to your income
b. proportional and related to your income
c. regressive and related to your income
d. progressive and unrelated to your income
e. regressive and unrelated to your income
E
Economics
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If the value of the marginal product of physical capital is $30 and the price at which the good the physical capital is used to produce is sold at $15, the marginal product of the physical capital used is:
A) 2 units. B) 5 units. C) 15 units. D) 30 units.
Economics
Explain the two relations that determine the evolution of output in the long run
What will be an ideal response?
Economics