Because the marginal tax rate rises as income rises,
a. higher income families, in general, pay a larger percentage of their income in taxes.
b. lower income families, in general, pay a larger percentage of their income in taxes.
c. a disproportionately large share of the tax burden falls upon the poor.
d. higher income families pay the same percentage of their income in taxes as lower-income families.
a
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Economies of scope involve
A. economies realized by producing several goods simultaneously. B. economies in marketing and transportation of many products. C. economies from being larger and have lower cost per unit. D. all of the above.
Rich countries (measured by GDP per capita) tend to have __________ infant mortality rates, __________ life expectancies at birth, and __________ adult literacy rates than poor countries
a. higher; higher; higher b. lower; higher; higher c. lower; lower; higher d. lower; lower; lower e. lower; higher; lower