An income tax in which the average tax rate increases with income is called a
A) regressive income tax.
B) proportional income tax.
C) flat-rate income tax.
D) progressive income tax.
D
Economics
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Which of the following will lead to an efficient private solution if negative externalities are present in a market?
A) The party having the legal right is taxed. B) The party creating the externality has the legal property right. C) The party suffering from the externality has the legal property right. D) The parties involved negotiate with each other and reach an agreement.
Economics
Some studies have found that people who owned guns were more likely to be killed with a gun. Do you think this study is strong evidence in favor of stricter gun control laws? Explain
What will be an ideal response?
Economics