Which of the following U.S. taxes is the most consistent with the ability-to-pay principle?
a. The excise tax on gasoline.
b. The federal income tax.
c. State sales taxes.
d. The Social Security payroll tax.
b
Economics
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According to this Application, the main concern of Greek residents was that
A) the Prime Minister of Greece would be impeached. B) hyperinflation could occur in the economy. C) the country wold switch to a gold standard. D) banks would convert their accounts to drachmas and they would suffer financial losses.
Economics
The relative income hypothesis, stating that MPC remains constant as national income increases, was proposed by
a. Keynes b. Friedman c. Duesenberry d. Marshall e. Modigliani
Economics