A tax system in which the tax rate on everyone's first $10,000 of income is 10 percent, the tax rate on everyone's second $10,000 of income is 15 percent, and the tax rate on all income over $20,000 is 25 percent is a(n)
a. proportional tax
b. equitable tax
c. head tax
d. unit tax
e. progressive tax
E
Economics
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Control of the money supply is handled by
A) Congress. B) all commercial banks. C) Congress and all member commercial banks. D) the Federal Reserve System.
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Refer to Figure 2-9. Which country has a comparative advantage in the production of snow cones?
A) Greenland B) They have equal productive abilities. C) Iceland D) neither country
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