If each taxpayer is obliged to pay the same tax—a fixed sum of money—then the tax is

a. progressive
b. proportional
c. income based
d. poll or head based
e. excise based

D

Economics

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If tomato growers in Florida lobby the U.S. government to impose an import quota on Mexican tomatoes, who gains from such a quota?

A) Mexican growers B) the U.S. government C) no one D) U.S. consumers E) U.S. growers

Economics

In the problem of double marginalization, the resulting price is ______than if the manufacturer were to sell directly to the consumer

a. Higher b. Lower c. The same d. None of the above

Economics