Which of the following is an example of a product that is excludable and rival?
A) a motorcycle
B) the court system
C) Western lowland gorillas
D) a NASCAR event
A
Economics
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A lump-sum tax:
A. takes the same percentage of taxes from income from all taxpayers. B. requires those with low incomes to pay a smaller percentage of their income than high-income people. C. is levied so that low-income taxpayers pay a greater proportion of their income toward taxes than high-income taxpayers. D. taxes everyone the same amount, regardless of their income.
Economics
For a person earning $75,000, the average tax rate is:
A. 10%
B. 15%
C. 19%
D. 17%
Economics