The marginal tax rate is the:
A. Sum of all individual tax rates
B. Tax rate paid by those with the lowest family incomes
C. Total amount of taxes paid as a percentage of total income
D. Increase in taxes as a percentage of an increase in income
D. Increase in taxes as a percentage of an increase in income
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The difference in economic growth in North Korea and South Korea can be primarily attributed to differences in ________
A) the proximate causes of prosperity B) geography C) culture D) institutions
Which of the following is an example of outsourcing?
A) A U.S. firm moves a manufacturing plant from the U.S. to Thailand where the firm can hire cheaper labor. B) A German firm hires an accountant in the U.S. to manage its payrolls. C) All the above are examples of outsourcing. D) None of the above is an example of outsourcing.