Which is of the following is an example of a progressive tax?
a. An excise tax on a luxury good
b. An income tax whose rate increases as income increases
c. Medicare tax, which is a percentage of income
d. A payroll tax that does not increase beyond a certain level of income
b
Economics
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________ institutions are financial intermediaries that acquire funds at periodic intervals on a contractual basis
A) Investment B) Contractual savings C) Thrift D) Depository
Economics
Vertical contracts between manufacturers and retailers often aim to
a. Prevent the retailers from defeating upstream price discrimination through arbitrage b. Reward the retailer for undertaking the risk inherent in introducing a new product c. Serve as a "signal" of the manufacturer's belief of the likely success of his product d. All of the above
Economics