In the United States, the individual income tax is best described as a

a. regressive tax
b. proportional tax
c. flat tax
d. progressive tax
e. repressive tax

D

Economics

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An inferior good is one for which demand increases as

a. price decreases b. price increases c. income increases d. income decreases e. the price of a related good decreases

Economics

If income redistribution policy is based on the relative concept of poverty, the war on poverty

A. will be won quite soon. B. is, by definition, unwinnable. C. has not helped at all. D. has already been won.

Economics