A ______ tax would charge the same percentage to people, regardless of income level.
a. proportional
b. progressive
c. regressive
d. marginal
a. proportional
Economics
You might also like to view...
Other things being equal, an increase in the price of ethanol will
A. increase the use of corn in ethanol production and in HFCS (another product produced from corn). B. increase the use of corn in all corn uses. C. increase the use of corn in ethanol production but decrease the use of corn in feed. D. increase the use of corn in HFCS.
Economics
All of the following are transfer payments except
a. welfare payments. b. unemployment compensation. c. personal income taxes. d. Social Security.
Economics