A regressive tax is a tax for which people with lower incomes
A) pay the same percentage of their incomes in tax as do people with higher incomes.
B) do not have to pay unless their incomes exceeds a certain amount.
C) pay a lower percentage of their incomes in tax than do people with higher incomes.
D) pay a higher percentage of their incomes in tax than do people with higher incomes.
D
Economics
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Suppose the United States experiences a long period of inflation relative to other countries. How will this affect U.S. net exports?
What will be an ideal response?
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The two basic types of government regulation are
A) regulation of natural monopolies and regulation of cartels. B) economic regulation and industry regulation. C) social regulation and labor law. D) social regulation and economic regulation.
Economics