The first major piece of prolabor legislation was the

Refer to Scenario 11.1. Suppose all five ranchers know that their land that Mariana needs is worth a total of $2 million. If each rancher agrees to sell his or her parcel of land to Mariana for $600,000, the economic pie will

A) not grow. B) grow by $1 million. C) grow by $2 million. D) shrink by $ million.

The marginal tax rate and the average tax rate are the same under a

A) progressive income tax system. B) regressive income tax system. C) proportional income tax system. D) none of the above.