A tax of $1,000 per person would make the federal income tax more _____.
Fill in the blank(s) with the appropriate word(s).
regressive
Economics
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A market dominated by a single seller:
a. start-up costs b. merger c. patent d. monopoly e. deregulation
Economics
Suppose a hurricane decreased the supply of oranges so that the price of oranges rose from $120 a ton to $180 a ton and quantity sold decreased from 800 tons to 240 tons. What is the absolute value of the price elasticity of demand?
A) 0.11 B) 0.37 C) 2.69 D) 9.33
Economics