A progressive income tax is defined as a tax for which
A) total taxes paid increase with the level of income.
B) total taxes paid are independent of the level of income.
C) the average tax rate increases with the level of income.
D) the average tax rate decreases with the level of income.
C
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Which of the following features are relevant for determining the extent of a market?
A. Its geographical boundaries B. Technological innovations that would reduce the cost of production C. The range of products to be included in it D. both A and C E. both A and B F. both A and C
When a relevant variable that is not named on either axis changes,
a. there will be a movement along the curve. b. the curve will rotate clockwise. c. the curve will be unaffected since only the variables on the axis affect the curve. d. the curve will shift.