A. benefits received tax
B. progressive tax
C. regressive tax
D. proportional tax
Income Inequality
Income Inequality
A. an equal tax
B. a proportional tax
C. a progressive tax
D. a regressive tax
A. average tax rate
B. marginal tax rate
C. proportional tax rate
D. total tax rate
A. those with equal ability to pay should bear unequal tax burdends.
B. those who benefits the most from government services should bear the higher tax burden.
C. those who benefit the most from government services should have the greatest voice in determining what gets produced
D. those with equal ability to pay should bear equal tax burdens.
A. all the income is received by the top 20% of the income distribution
B. income is distributed equally
C. the income is split equally between the top 20% and the rest of the distribution.
D. one family has all the income and every one else has nothing.
A. the ratio of the percentage of total income received by the top 20% of families to the percentage of total income received by by the bottom 20% of families
B. the most common way of representing the income distribution graphically
C. a commonly used measure of the degree of inequality in an income distribution
D. a commonly used measure of the degree of inequity in an income distribution
A. the return to any factor of production that is in fixed supply
B. the profit earned by the owner of any housing unit.
C. the amount paid each year by a tenant for an apartment
D. any profit earned by stockholders when they sell their stock
A. wages of men will be higher but the marginal productivity of men will be lower than it otherwise would be
B. the wages of men will be lower but the marginal productivity of men will be higher than it otherwise would be
C. both the wages and the marginal productivity of men will be lower than they otherwise would be
D. both the wages and the marginal productivity of men will be higher than they otherwise would be
A. the Rs500 weekly salary that he has forgone to search for another job
B. The Rs500 weekly salary that he has forgone and the monetary costs incurred by continuing to search
C. Rs difference between the weekly salary he finally accepts and the Rs500 weekly salary that he has forgone
D. Rs0, since he is currently unemployed
A. MPL + PX
B. (MPL) (PX)
C. PX/MPL
D. MPL/PX
