A tax system in which the average and marginal tax rates are the same for every level of taxable income and every change in income is an example of
A) regressive taxation.
B) proportional taxation.
C) progressive taxation.
D) premium taxation.
B
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The US Navy determines that the navigation system on its submarines, which use low-frequency radio waves, is reducing the population of humpback whales. The is an example of
A. marginal thinking. B. comparative advantage. C. the market mechanism. D. the Phillips curve. E. an externality.
Who from among the following is counted as employed?
A. Frank would like to work, but has not looked for work because he believes no jobs are available. B. Ray wants to work forty hours per week, but can only find work for twenty hours per week. C. Martin has been offered several jobs in the past four weeks, but has chosen not to accept any of the offers. D. Anna Marie spends all of her time taking care of her children at home.