According to projections for 2016 by the Tax Policy Center, the 20 percent of U.S. taxpayers who make the highest incomes
A) pay about 92 percent of federal income taxes but only about 20 percent of Social Security and Medicare payroll taxes.
B) pay more in excise and other taxes than they pay in Social Security and Medicare payroll taxes.
C) pay almost 69 percent of federal income taxes.
D) use loopholes and tax exemptions to reduce their share of federal income taxes to less than 20 percent.
C
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Which type of restriction on quantity of imports is the most transparent?
A) Quota B) Licensing requirements C) Voluntary export restraints D) Government procurement policies
The kinked demand curve:
a. applies when competitors match price decreases but not price increases. b. could apply to market demand in any market structure. c. applies when competitors match price increases but not price decreases. d. applies to the price leadership model. e. applies when competitors act independently.