Multiple Choice
A flat tax with an exemption for the first $20,000 of family income and a constant tax rate would be
A) a proportional tax.
B) a regressive tax.
C) a progressive at low incomes and regressive at high incomes.
D) a progressive tax.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Identify the economic and political functions of
Q5: Rational ignorance refers to the idea that<br>A)decision-makers
Q6: Rational ignorance is relevant for decision-making<br>A)only in
Q7: A family making $30,000 pays $4,500 in
Q9: A consumer who buys a product without
Q10: The distribution of tax burdens among various
Q11: The free-rider problem is<br>A)the use of the
Q12: Some economists argue for a _ tax
Q13: A proportional income tax structure implies that<br>A)marginal
Q85: A tax system characterized by a constant